USDCHF | Perspective for the new week
The current technical structure suggests that the USDCHF remains pressured into a risk of a further decline in price. The appearance of a strong reversal pattern on the 4H timeframe gives me added reason to hold a bearish bias for the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
I want to see a reversal pattern within the sensitive zone identified on the chart leading to a breakdown/retest of the trendline to join a potential decline.
And if we witness a breakout of the bearish trendline, we might be patient to see if a bullish momentum has begun... stay tuned as I shall keep you posted.
Good afternoon
And if we witness a breakout of the bearish trendline, we might be patient to see if a bullish momentum has begun... stay tuned as I shall keep you posted.
Good afternoon
Trade active:
Looking at the structure we have on the 15mins timeframe, I was able to identify a supply zone that has been holding price resistance around 0.96600 in the last 5 hours. Hence I am testing the water with one entry and if there is a confirmation I want to double in.
Trade active:
We continue to monitor price action as bearish momentum still looks very likely with the current structure.
Good morning
Good morning
Trade active:
Good evening
Good evening
Trade active:
Just as expected, we are close to TP and it's time to lock in some profit.
Good morning
Good morning
Trade closed manually:
I have been stopped out at 0.95820 and I still expect a trend continuation on the downside. So, a new key level has been identified at 0.96200 where I expect a breakdown/retest of this level to join the decline.
Trade closed: target reached:
Trade smart. Trade consciously
