USDCHF Analysis
Confluences to go Long (Buy)
1. Overall, up trend.
2. Broke above Major Key Level. (MKL)
3. IF we can get a rejection off of this 0.236 fib zone with an engulfing candle closure on lower time frames, will show me that there is pressure and momentum heading to the upside.
4. This MKL is also at 0.90000, that is usually the areas the Banks love to trade from. (the even round numbers)
1R:2R
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1. Overall, up trend.
2. Broke above Major Key Level. (MKL)
3. IF we can get a rejection off of this 0.236 fib zone with an engulfing candle closure on lower time frames, will show me that there is pressure and momentum heading to the upside.
4. This MKL is also at 0.90000, that is usually the areas the Banks love to trade from. (the even round numbers)
1R:2R
Like and Comment!
Happy Trading!
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