Description
⋅ Evening Traders,
Today’s analysis – USDCHF- trading above its local s/r where continuation is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Volume Below Average
USDCHF’s immediate price action is trading above a key local trade location where support will be deemed bullish.
The swing high is the immediate objective, exceeding this level will lead to a continuation towards the range high.
Current volume profile is below average, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, USDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee