Alex_Fortex

USDCHF Looking for our short Entry

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Hello everyone we are back today on a potential short on USDCHF. As we can see with the green zone, the previous strong downward movement let us with a huge fair value gap that needs to be filled. The goal would be to come back to the grey zone that issued the bearish impulsion. Right now as we can see we are ranging, having our dotted line as support. In my opinion this support will be broken, grabbing liquidity from the longs of the range and allowing the price to get enough upward momentum to fill the gap. Once that gap is filled I'll try to find an entry near our grey zone which works as a supply zone, switching to smaller time frames our target will be to find a bearish ChoCh followed by a Bos where we will be able to take our entry from having a risk reward ration of at least 3 or 4. Waiting for further confirmations on this one but that scenario seems highly probable due to the size of the gap. Don't hesitate to comment or ask question I'll happily take them and try to answer.

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