USDCHF Shall we Buy or Shall we Sell [Long term scenario]

Analysis :

• Price is in a descending channel,
  
• Price is in a Range Area,
  
• Bears are rejected on the lower bound of our range area,
  
• Bears are rejected on both .
  

Buy :

• Wait Pullback confirmation,
  
• Wait for a rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
  
• Initiate BUY order,
  
• Targets Polarity zone ,
  
• SL under the range area lower bound ,
  

/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
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A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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