Clear Down Trend, Will It Break? | USDCHF Long
Hi Traders,
USDCHF is in a clear down trend. However, we can anticipate a retraction to the 0.328 fib level and possibly the 0.5 fib level which aligns best with structure and coincides with the neckline of the M formation. But first, we need to see a break above the daily resistance.
Lets see how this one plays out. Like this post if you are waiting for a similar set up on this pair.
Remember analyze the charts for yourself and trade with caution.
USDCHF is in a clear down trend. However, we can anticipate a retraction to the 0.328 fib level and possibly the 0.5 fib level which aligns best with structure and coincides with the neckline of the M formation. But first, we need to see a break above the daily resistance.
Lets see how this one plays out. Like this post if you are waiting for a similar set up on this pair.
Remember analyze the charts for yourself and trade with caution.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.