USDCHF Trading Plan For Next Week

4 Ağu 2019

USDCHF is currently approaching significant structure support.

For next week we have two possible scenarios:

Bearish - if bears break and close below the key support,
most likely we will see a bearish continuation to lower structure levels
Key support on focus:
0.974
0.970

Bullish - market respects the structure and we will see a pullback.
(wait for a reversal pattern before taking any action)
Key resistance on focus:
0.988
0.994

5 Ağu 2019

Not

Bearish breakout of support

5 Ağu 2019

Not

Bears push the market lower to retest the low of this year