garciaohk

USDCHF H4 LONG PRICE ACTION FORECAST -UPDATE-

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
With nothing in between able to hold the free fall of the USDCHF , we could keep trying to accumulate additional pips. In a current consolidation, the price action has formed what is known as a bearish engulfing candle pattern, signaling the bears' readiness to continuing diving-in pushing to price to the deepest level.

DXY , on the other hand, continue under the sellers' realm, with the price action heading towards the pandemic levels in last March.

The order:
Type: sell-limit
S/L: 47 pips - R:R | 1:2 -
T/P: aiming towards a confluence level allowing 1:2

--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out