USDCHF - 4hr Weekly Outlook

1 May 2021

USDCHF - Broke both a trendline, and the previous high. The market is very overextended to the upside so we can expect a retracement to the 38.2% and 61.8% zone. Structure-wise we just made a HH so we can expect a HL to continue the rally and looking for long oportunities. The max TP will be at 27% fib extension because a supply zone is waiting above the 0.91600 price zone.

3 May 2021

Not

Price has reached the area one time but the confirmation wasn't strong enough. Waiting for a double bottom around the 0.91150 zone.