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
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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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.