Evening Traders,
Today’s analysis – USDCHF- trading at a key support that is likely to be respected,
Points to consider,
- Price Action Corrective
- Local S/R Support
- Swing High Objective
- Daily S/R Resistance
USDCHF’s immediate price action is sitting on a local support, allowing for a bullish bias.
The swing high is the current objective, exceeding this level will increase the probability of testing the daily s/r .
Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns
Today’s analysis – USDCHF- trading at a key support that is likely to be respected,
Points to consider,
- Price Action Corrective
- Local S/R Support
- Swing High Objective
- Daily S/R Resistance
USDCHF’s immediate price action is sitting on a local support, allowing for a bullish bias.
The swing high is the current objective, exceeding this level will increase the probability of testing the daily s/r .
Overall, in my opinion, BTCUSD is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“There is a huge difference between a good trade and good trading.” – Steve Burns