Price Action of USDCHF shows Tweezer Top, Three Inside Down and a Hammer, and looking at the past patterns, we see that after every bold rejection, the price falls and almost touches the starting point of Bullish rally. The Bullish trend is also pretty steep, so chances are that the Trend reversal should occur. Let's see.
The Trend Reversal happened as predicted. But, instead of reversing from the level of 0.93768, it tested the next Resistance of 0.93961, and then Fell like predicted. I didn't make money from this Trade but learnt a valuable lesson.
MH_Quan
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I think its too risky
usamaabrar22
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@MH_Quan, Risk is everywhere in markets, I just make sure the ones I take, are calculated ones :)
If the price goes beyond 0.93752 (last High), then chances are that we won't see a Bearish reversal and instead, there would be a Continuation of Bullish trend and the price may test the levels of 0.93691