Get started
pbmalla77

DAILY BLOCK RANGE BOUND SETUP!

U.S. Dollar / Swiss Franc (FX:USDCHF)  
pbmalla77 Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern

1. PRICE MOVES HIGHER RUN STOPS PREVIOUS WEEK HIGH INTO THE 1.00485 LEVEL. I WILL HUNT FOR BEARISH PATTERNS AT LOWER TIME FRAME TO GET SHORT
TARGETING YO ( 0.98410 LEVEL)

2. PRICE MOVES LOWER AND RUN STOPS PREVIOUS WEEK LOW INTO THE YO (0.98410 LEVEL). I WILL HUNT FOR BULLISH PATTERNS AT LOWER TIME FRAME TO GET LONG TARGETING THE 1.00485 LEVEL.

Comment:
BREAKER SETTING UP: WATCHING THIS PAIR

FEB 6TH: BULLISH DAY, RUNS STOPS ON PREVIOUS DAY HIGH AND CLOSES ABOVE.
FEB 7TH: DOJI CANDLE, OPENS CONSOLIDATES MOST OF THE DAY, RUNS LOWER AND CLOSE AT THE OPEN
FEB 8TH: BEARISH DAY ( I SEE THIS AS BIG MONEY DEALING ZONE)
ANY BREAK BELOW THIS DAY 0.99963 LEVEL I AM SHORT, TARGETS PREVIOUS WEEK LOW (0.99051) AND YEARLY OPEN YO (0.98410)

3 DAYS OF CONSOLIDATION AT RESISTANCE ZONE AND TODAY A FAST MOVE HIGHER AND A REJECTION AT 1.00485 LEVEL.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.