Looking at UsdChf, we've seemed to sink below the significant H4 level for a brief consolidation period. Then price popped back above the level and tested it as support. Once we tested the level, bullish rejection was clearly apparent which caused a strong bullish rally past the significant H1 level.
Now that we are sitting past this level, I'll be waiting for a retracement back for another test as support to see if we could get some bullish rejection. If bullish rejection is apparent from the level, I'll be ready to buy.
Now that we are sitting past this level, I'll be waiting for a retracement back for another test as support to see if we could get some bullish rejection. If bullish rejection is apparent from the level, I'll be ready to buy.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.