USDCHF PROjections week of 8/19

18 Ağu 2019

USDCHF

Potential for trend continuation move after seeing confluent signals including a small reversal candle at the same level as the .382 retracement, which also happens to be at a level of resistance. The aggressive play is to get in soon, or we wait for a few more factors of confirmation such as a close below the recent swing low. If not, and with the stack of relevant structural levels just above, price could pinball for a while before establishing a stable direction.

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