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USDCHF Daily S/R| Swing High| Local S/R| Price Action

Evening Traders,

Today’s analysis – USDCHF- trading above its local s/r where continuation is probable,

Points to consider,

- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Volume Below Average

USDCHF’s immediate price action is trading above a key local trade location where support will be deemed bullish.

The swing high is the immediate objective, exceeding this level will lead to a continuation towards the range high.

Current volume profile is below average, an influx is highly imminent when testing key trade locations.

Overall, in my opinion, USDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

Thank you for following my work

And remember,

“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee

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