To me it looks like CHF want to go and fill in that big gap just like the EUR already did.
Reasons for it to back up this idea:
- Well Gaps like to be filled most of the time
- HTF Bearish MS now testing the 4h -OB
- You say they ran stops above that 4h ob tight before we dumped so that is bearish
- Stops ran on the 1h double top (you would see it better on the 15 chart)
Imo you could short it now already but if you want extra confirmation like i am. Then i would wait for it to get a close under that 1h ob that will become breaker once we close under it. ( yes i put breaker in the chart but right now its still just a 1h ob but i fully expect it to become a breaker soon)
So when trading under that level i will be looking at all the CHF pairs for short ideas
Reasons for it to back up this idea:
- Well Gaps like to be filled most of the time
- HTF Bearish MS now testing the 4h -OB
- You say they ran stops above that 4h ob tight before we dumped so that is bearish
- Stops ran on the 1h double top (you would see it better on the 15 chart)
Imo you could short it now already but if you want extra confirmation like i am. Then i would wait for it to get a close under that 1h ob that will become breaker once we close under it. ( yes i put breaker in the chart but right now its still just a 1h ob but i fully expect it to become a breaker soon)
So when trading under that level i will be looking at all the CHF pairs for short ideas
