sell USD/CHF @ 0.92950
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ENTRY REASONS:
1- price is moving in perfect down trend channel
2- the next lower high will be our selling point
3- the entry point will be perfect as it is one of the fib levels
This is a follow up analysis for the GBPUSD. what we saw last week from the technical perspective was price going up to fill up liquidity before heading down. fundamentally, the news impact from the US and earlier raised interest rates from UK Caused lots of mixed sentiments and reaction
in the market.
If price breaks the demand zone below, we can expect the...
Cheesecake Factory has painted a nice bull flag on the daily and weekly time frames.
I do not intend to trade this. I am simply posting this for educational purposes as CAKE will be one to watch in the coming days and weeks.
Buying at demand level. Price approaching EMA 50 and EMA 50 in uptrend. Bad forecast on YoY German factory orders. Good forecast on MoM German Factory Orders.
