USDCHF (Multiple Frame Analysis)

٨ أكتوبر ٢٠٢٠

Weekly: 0.91850 major zone/previous swing, accumulation started after zone was broken in late july enticing more sellers to create liquidity in offloading short positions, forming saucer pattern
Daily: Weak rejection yesterday 7th Oct, after bulls retested major 0.91850 zone
4H: Price currently showing signs of breakout, confluencing with H4 100MA,

Potential Entry: monitoring 4H price action for closing above 0.91850-0.92000 for potential LONG targeting 0.93000 previous high, SL 0.91400, R/R 1:2
COT Perspective: CHF longs getting closed and shorts adding in

Never Trade Without Good Risk Reward Ratio