UF Daily broke below support and a potential resistance has formed. H4 Structure has just broken to become bearish. Daily Stochastics tipped downwards. If candles can close below orange zone, we are likely to head down and test the previous low 0.8829 in the coming days.
That being said, USDCHF currently lies in its 0.9000 significant liq zone where volatility could kick in to reverse back up.
Personally I'm not taking the sells unless:
1. H4 price close below 0.9000 area
2. Retrace up and show signs of weakness on H1-M15 to continue downwards.
3. Lookout for stoch alignment on H1/M45/M30
That being said, USDCHF currently lies in its 0.9000 significant liq zone where volatility could kick in to reverse back up.
Personally I'm not taking the sells unless:
1. H4 price close below 0.9000 area
2. Retrace up and show signs of weakness on H1-M15 to continue downwards.
3. Lookout for stoch alignment on H1/M45/M30