US dollar vs swiss franc the pair has pulled over to the H1 resistance zone and on this level it has shown a rejection with an inverted hammer through which it looks like bulls have losen up some control but also am watching this zone as retailers will be misguided here with a buy trade setup as the pair is moving in a channel formation so its possible that pair will fakeout the resistance zone and will come back to its direction selling to its daily level trendline so we will be waiting for a bearish setup to form as a scalper inverted hammer 🔨 is enough for me to enter sell trade but i am waiting for a proper confirmation candle like Bearish Engulfing or a Bearish Morubozu
Nice illustration.... Also on 4 hour chart there is imbalance between candles in the zone 0.89958-0.90253. It is most likely that we get opportunity for short selling in this zone..... we have also multiple confluences in that region....( on 4 hour chart) 1. new trend line forming from recent highs 2. Fibonacci 0.618 level 3. market structure 4. imbalance or fvg 5. ema 50 acting as a resistance consistently
Also on 4 hour chart there is imbalance between candles in the zone 0.89958-0.90253.
It is most likely that we get opportunity for short selling in this zone.....
we have also multiple confluences in that region....( on 4 hour chart)
1. new trend line forming from recent highs
2. Fibonacci 0.618 level
3. market structure
4. imbalance or fvg
5. ema 50 acting as a resistance consistently