USDCHF lower high formation!


Seeing price form its lower low swing (yellow box) we can see that the pair is now moving in a descending manner and we can essentially start looking for shorts at the lower high formation which looks to have been formed at the reaction level 0.9840 between the 50% 61.8% FIB levels!

Can we get a double confirmation push for an entry point to see price head into the 0.9550 region, I will be looking to sell off a retest and sufficient rejection and confirmation off 0.9840 which would minimised risk and maximise profits!

Comment your thoughts on the analysis and write up above!

Leave a Reply

Your email address will not be published. Required fields are marked *

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound