In USDCHF, I’m currently looking for possible short opportunities. On the daily timeframe, price is closing below a strong multi-rejection zone, which suggests weakening bullish momentum and possible continuation towards the downside.
From the weekly perspective, the last weekly candle closed bearish, adding further confirmation to the bearish higher timeframe bias. In addition to that, price is trading below the 50 EMA as well as the 10–20 EMA cluster on the weekly timeframe, which strengthens the probability of bearish continuation.
There is also a potential liquidity target resting below around the 0.77620 level, where sell-side liquidity may be positioned. That area could act as a possible draw on liquidity if downside momentum continues.
For now, I will wait for proper bearish confirmation and lower timeframe price action before considering any short positions.
No trade until entry conditions are fully satisfied.
From the weekly perspective, the last weekly candle closed bearish, adding further confirmation to the bearish higher timeframe bias. In addition to that, price is trading below the 50 EMA as well as the 10–20 EMA cluster on the weekly timeframe, which strengthens the probability of bearish continuation.
There is also a potential liquidity target resting below around the 0.77620 level, where sell-side liquidity may be positioned. That area could act as a possible draw on liquidity if downside momentum continues.
For now, I will wait for proper bearish confirmation and lower timeframe price action before considering any short positions.
No trade until entry conditions are fully satisfied.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.