USDCHF Medium cycle
USDCHF is in a trading range
the resistance level of trading range is 0.8592-0.8620.
why here is a resistance ?
-because its first try to revers trend after bearish trend.
the buyers on this level bought USDCHF but now they are at loss so in this level they will sell to compensate for the loss.
-also here is a TP for buyers that they bought on 0.844.
and you can see the weakness of the bullish candles.
they're getting smaller.
when i trade?
when i see a candle stick on the resistance level i will trade it.
its just my personal comment please don't trade whit this.
thanks for your attention.
the resistance level of trading range is 0.8592-0.8620.
why here is a resistance ?
-because its first try to revers trend after bearish trend.
the buyers on this level bought USDCHF but now they are at loss so in this level they will sell to compensate for the loss.
-also here is a TP for buyers that they bought on 0.844.
and you can see the weakness of the bullish candles.
they're getting smaller.
when i trade?
when i see a candle stick on the resistance level i will trade it.
its just my personal comment please don't trade whit this.
thanks for your attention.
Trade fermée: ordre d’arrêt atteint
you can wait but its better to close the position
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.