Thank you for viewing my Analysis. This is USDCHF 1 Hour Chart analysis, After gathering my information right from the Higher timeframe and coming down to the lower timeframe. I observed that the bigger timeframe is projecting a CORRECTIVE MOVE. And within this correction on the weekly timeframe, price made an impulsive move and we shall be expecting a correction which is the move we are projecting. If you have any further information feel free to contact me.
Hi Opizzlefx, I've also been looking at USDCHF on the hourly. If the neckline of the double top is broken, then I will consider selling it. I'm looking at DXY too. If DXY losses its bullish momentum, USDCHF is a sure short.
@phiritiane000, Hello Phiritiane000 Thanks for your comment sir. I am anticipating a Selling Opportunities. But we need a confirmation as price is still bullish and might change it's direction soon.
@mabvuto1980, Hi mabvuto1980 Thanks for your comment sir. And yes, if i get a breakout of the neck line which is a market structure as price is currently forming HH and HL. If we have a breakout of the previous HL structure, that will signifies a change in the market. I checked DXY too. Once the bullish momentum reduce then it's a strong SELL
kwasijimmah
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Great analysis but for me , am waiting for price to break the trend line to the downside impulsive and then take the market to where the correction started
I've also been looking at USDCHF on the hourly. If the neckline of the double top is broken, then I will consider selling it. I'm looking at DXY too. If DXY losses its bullish momentum, USDCHF is a sure short.
Great analysis and have a happy green week.
Thanks for sharing.