With the fundamentals in play and DXY finally starting to move in the direction it should.. We are looking at USDCHF for a great swing to the downside.. Firstly i'm going to monitor how the daily candle closes.. We should expect a small retrace to the area indicated for a retest or even a small consolidation before it melts to the area indicated...
IF we look at the daily and weekly, this is a retrace to test the previous broken structure and now price should drop again with the larger trend on the bigger time frames.
Dont MISS, great risk to Reward!!
Trade with care, if you like my set ups, like, follow and comment
IF we look at the daily and weekly, this is a retrace to test the previous broken structure and now price should drop again with the larger trend on the bigger time frames.
Dont MISS, great risk to Reward!!
Trade with care, if you like my set ups, like, follow and comment
Trade active
You can either enter around here or wait for a bigger retracement to around 94.475ish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.