Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
USDCHF is stuck inside a range between our 0.91 support and 0.95 resistance.
Previously, we were looking for sell setups around the 0.95 resistance. Now since USDCHF is approaching the 0.91 support, we will be looking for buy setups on lower timeframes.
on H1: Right Chart
USDCHF is forming a channel in red but it is not ready to go yet.
🏹 For the bulls to take over, we need a new swing high to form and then a momentum candle close above it.
Meanwhile, until the buy is activated, USDCHF can still trade lower inside the blue support again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: Left Chart
USDCHF is stuck inside a range between our 0.91 support and 0.95 resistance.
Previously, we were looking for sell setups around the 0.95 resistance. Now since USDCHF is approaching the 0.91 support, we will be looking for buy setups on lower timeframes.
on H1: Right Chart
USDCHF is forming a channel in red but it is not ready to go yet.
🏹 For the bulls to take over, we need a new swing high to form and then a momentum candle close above it.
Meanwhile, until the buy is activated, USDCHF can still trade lower inside the blue support again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT