USDCHF - COT: VERY BULLISH SENTIMENT // Interest Rate: -0.75% (last change – January 15, 2015)
W1: New Uptrend extablished, monthly broken DTL retested, Srong weekly engulf candle
D1: New higher high and test of the supply zone.
H4: Uptrend reacting in the supply zone.
Levels to watch:
Supply: 1.005, 1.001, 1.0384
Demand: 0.99574, 0.9886, 0.98795
Very strong bullshnes in last couple weeks. Which broke, Weekly and Monthly TL. Banks reduced longs when reported however, last 3 days bullsines is a sign that they have to added some more which we will see in next week report. Pair is 85% longs which is almost the top the composition was in past yers and. I expect short term reversal from wekly supply at 1.01738. Longs on retracements could works.
W1: New Uptrend extablished, monthly broken DTL retested, Srong weekly engulf candle
D1: New higher high and test of the supply zone.
H4: Uptrend reacting in the supply zone.
Levels to watch:
Supply: 1.005, 1.001, 1.0384
Demand: 0.99574, 0.9886, 0.98795
Very strong bullshnes in last couple weeks. Which broke, Weekly and Monthly TL. Banks reduced longs when reported however, last 3 days bullsines is a sign that they have to added some more which we will see in next week report. Pair is 85% longs which is almost the top the composition was in past yers and. I expect short term reversal from wekly supply at 1.01738. Longs on retracements could works.
Comment:
Reacted from that weekly deman zone
Comment:
This daily TL must be broken for futher drop
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🎓 Mentoring www.fxhunterwealth.com/one-to-one-mentorship/
🔵Telegram - t.me/fxhunterwealh