USDCHF is weak.
Distribution has been ongoing for the past 2 weeks.
However, early next week is not a great time to chase the shorts.
A good way to get into this trade is to wait for a pullback into the upper boundaries of this H4 channel before going short.
That will improve your R:R and psychology tremendously.
Will keep you guys post if it gets close to my desired entry around 0.99.
A successful short entry could lead us towards the significant support zone around 0.9450.
Distribution has been ongoing for the past 2 weeks.
However, early next week is not a great time to chase the shorts.
A good way to get into this trade is to wait for a pullback into the upper boundaries of this H4 channel before going short.
That will improve your R:R and psychology tremendously.
Will keep you guys post if it gets close to my desired entry around 0.99.
A successful short entry could lead us towards the significant support zone around 0.9450.
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.