USDCHF is in a rotation if you see 4h chart. Within this rotation it was in a mini rotation and that is where I would like to go long to push back up to the top of 4hrotation. The zone has shown reaction in the past is a S/R zone
I expect USDCHF to move the nearest liquidity zone. Once it is there the sellers should try to push it down. Currently it is in a rotation and it should test the volumes above the rotation and move back into the rotation zone. This is a classic case of fake breakouts. Once it happens I'll be ready to go short.
Let me know if you have a different opinion
Go short from 0.6680 for 30 pip SL/PT. There was an order block created during sell-off. In addition the zone is where the price reversed during 2July sell-off. It is a strong support which has now become strong resistance
I will go short EURJPY when it reaches 128.68. There is a strong sell-off and strong selling activity with strong volume so I expect this support / resistance zone to be respected. I look to get 45 Pips from this trade
EURUSD price is in the range that has acted as strong resistance / support zone since 2015. I expect this zone to be respected. I expect EUR to recover 100pips+ from this region and then continue sell down. I am still bearish on EUR due to crisis in Turkey. Italy politics is also not giving any reason to celebrate.
In addition I see that volume is reducing during...
Short EURJPY from strong rejection of higher prices on 4H graph. Going short from the level that has acted as a strong support zone - in elipse This should act like resistance when price reaches this level.