USDCHF the Lagging Span at a strong level

31 Oca 2022

Following the DXY analysis (tradingview.com/chart/DXY/v9P6h1YF-DXY-potential-for-correction/), the Lagging Span is a it's SSB level on the Weekly Timeframe. If the Lagging Span is refused to pass, a correction to the Weekly TS or KS is likely.

A breaking of that level and after confirmation, the next Target would be the Monthly KS as marked on the chart.




Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe

** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **

31 Oca 2022

Not

As expected, the Lagging Span was rejected by the Weekly SSB and price are currently retracing.

The Weekly KS could be a potential target.

1 Şub 2022

İşlem kapandı: hedefe ulaştı

Price retraced to the WLY KS, from where it could react by bouncing back on the upside or by either breaking that level, however there is now a confluence of support levels on the DLY chart.