With nothing in between able to hold the free fall of the USDCHF, we could keep trying to accumulate additional pips. In a current consolidation, the price action has formed what is known as a bearish engulfing candle pattern, signaling the bears' readiness to continuing diving-in pushing to price to the deepest level.
DXY, on the other hand, continue under the sellers' realm, with the price action heading towards the pandemic levels in last March.
The order:
Type: sell-limit
S/L: 47 pips - R:R | 1:2 -
T/P: aiming towards a confluence level allowing 1:2
--
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DXY, on the other hand, continue under the sellers' realm, with the price action heading towards the pandemic levels in last March.
The order:
Type: sell-limit
S/L: 47 pips - R:R | 1:2 -
T/P: aiming towards a confluence level allowing 1:2
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
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instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Related publications
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.