USD/CHF can make the 2nd wave down.
Take a look on this daily chart, price bounced from key weekly level 1.0050. Most of the times price moving with waves. There could be a cycle with 2 or 3 waves. How it works, price moving as 1st wave and after, it stops for accumulate position for counting.
The same situation was on USD/CHF, as u see on chart price was in the Range last 2 weeks. But it most of the time bounced down from key level 0.9891.
For us, the best decision will be open Short near key sell zone 0.9860 - 0.9890
S/L: upper 0.9899
Goal: 0.9725
Take a look on this daily chart, price bounced from key weekly level 1.0050. Most of the times price moving with waves. There could be a cycle with 2 or 3 waves. How it works, price moving as 1st wave and after, it stops for accumulate position for counting.
The same situation was on USD/CHF, as u see on chart price was in the Range last 2 weeks. But it most of the time bounced down from key level 0.9891.
For us, the best decision will be open Short near key sell zone 0.9860 - 0.9890
S/L: upper 0.9899
Goal: 0.9725
Trade closed: stop reached
price broke up the key level 0.9891
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Get access to the private club with VIP signals
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
🔷👉 instagram.com/yuriy_bishko
👉 bit.ly/vipsignals_bikotrading
🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy
🔷YouTube 👉 bit.ly/YouTube__Lessons
🔷👉 instagram.com/yuriy_bishko
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.