USDCHF POTENTIAL SHORT (LONGER TERM PICTURE)
LONG TERM PERSPECTIVE ON USDCHF
I HAVE DONE A FEW POSTS ON THIS PAIR AND BASED ON RECENT SELLER ACTIVITY IT IS STARTING TO SHOW A REACTION FROM MAJOR MULTI-MONTH STRUCTURE/RESISTANCE. BASED UPON PREVIOUS HISTORY AND CONTINUED SELLER INTEREST THIS IS A PERSPECTIVE ON A POTENTIAL SETUP FOR THE PAIR. KEEP AN EYE OUT AND LOOK FOR CONTINUED SELLER INTEREST AND MOMENTUM FOR THIS PAIR. WEEKLY CHART SHOWS BUYERS ATTEMPTING TO PUSH THE MARKET TO THE UPSIDE AND THE SELLERS PULLING IT DOWN WITH STRENGTH. KEEP AN EYE OUT FOR A GOOD POSSIBLE RISK/REWARD RATION SETUP. LONGER TERM VISION. CHEERS!
I HAVE DONE A FEW POSTS ON THIS PAIR AND BASED ON RECENT SELLER ACTIVITY IT IS STARTING TO SHOW A REACTION FROM MAJOR MULTI-MONTH STRUCTURE/RESISTANCE. BASED UPON PREVIOUS HISTORY AND CONTINUED SELLER INTEREST THIS IS A PERSPECTIVE ON A POTENTIAL SETUP FOR THE PAIR. KEEP AN EYE OUT AND LOOK FOR CONTINUED SELLER INTEREST AND MOMENTUM FOR THIS PAIR. WEEKLY CHART SHOWS BUYERS ATTEMPTING TO PUSH THE MARKET TO THE UPSIDE AND THE SELLERS PULLING IT DOWN WITH STRENGTH. KEEP AN EYE OUT FOR A GOOD POSSIBLE RISK/REWARD RATION SETUP. LONGER TERM VISION. CHEERS!
Comment:
On the move down!
Trade closed: target reached:
TARGET ONE ZONE HAS BEEN REACHED. CHEERS!