Across major pairs, the Swiss Franc (CHF) has been bullish creating new lows on monthly time frames for all cross-CHF pairs. Presently, on the monthly time frame, we have a bearish market structure.
On the daily time frame, we are looking at a possible shift in order flow from bearish to bullish; a corrective bullish move.
On the 4-hour chart, we have a change of character (CHOCH) and break of structure (BOS) confirming the shift in order flow. How do we intend to trade this pair?
a) We have an aggressive entry located at the unmitigated demand zone at 0.55 price handle
b) A conservative entry sitting below 0.5443 price handle. We favor this conservative entry since there is liquidity sitting around this region.
We have two possible exits situated around the two green fresh-order blocks (FOB) at 5.58 and 0.59 price handles respectively. Our preference is the higher FOB that has liquidity.
I strongly recommend we wait for the pair to break the Key structure Daily (KSD) buy as the bearish correction targets the unmitigated order blocks.
On the daily time frame, we are looking at a possible shift in order flow from bearish to bullish; a corrective bullish move.
On the 4-hour chart, we have a change of character (CHOCH) and break of structure (BOS) confirming the shift in order flow. How do we intend to trade this pair?
a) We have an aggressive entry located at the unmitigated demand zone at 0.55 price handle
b) A conservative entry sitting below 0.5443 price handle. We favor this conservative entry since there is liquidity sitting around this region.
We have two possible exits situated around the two green fresh-order blocks (FOB) at 5.58 and 0.59 price handles respectively. Our preference is the higher FOB that has liquidity.
I strongly recommend we wait for the pair to break the Key structure Daily (KSD) buy as the bearish correction targets the unmitigated order blocks.
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Public Telegram https://Channel-https://t.me/+tHtXm4RsF7Q4YWE0
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.