Hello guys,
As we all know by now the dollar has been heavily bearish in the past 2+ weeks. although on the monthly timeframe, it is still bullish but for now it is bearish.
Now, on the USDCHF, I am looking for a long opportunity as the pair is coming close to a demand region but I only did this analysis based on request. As you can see, I have marked the liquidity pool which price is meant to take out and head towards the sell order.
This might be the last bearish leg before the bullish move... As for me, I will not be taking this trade as I have other SWEET pairs to trade.
Anyways, let me know your take on my analysis.
BR
David
As we all know by now the dollar has been heavily bearish in the past 2+ weeks. although on the monthly timeframe, it is still bullish but for now it is bearish.
Now, on the USDCHF, I am looking for a long opportunity as the pair is coming close to a demand region but I only did this analysis based on request. As you can see, I have marked the liquidity pool which price is meant to take out and head towards the sell order.
This might be the last bearish leg before the bullish move... As for me, I will not be taking this trade as I have other SWEET pairs to trade.
Anyways, let me know your take on my analysis.
BR
David
