USD/CHF THOUGHTS
USD/CHF 30M - As you can see price has recently traded us down and into an order block and has shown good signs of rejection. I now want to see price break structure to the upside to confirm a reversal.
As we know a break to the upside would confirm the end of this bearish leg trading us lower and tell us that price is now ready to start trading us bullish longer term.
Once we have this break in structure I believe we will see price correct itself taking us back down in the market to trade us into another order block, this time to set a new higher low. This is where we can look to take part in this market from.
With bullish structure price sets higher highs and higher lows. One price trades us back down and into the Demand Zone we will want to see another BOS but this time one thats more fractal giving us the confirmation that the correction has finished and the new leg higher is ready.
As we know a break to the upside would confirm the end of this bearish leg trading us lower and tell us that price is now ready to start trading us bullish longer term.
Once we have this break in structure I believe we will see price correct itself taking us back down in the market to trade us into another order block, this time to set a new higher low. This is where we can look to take part in this market from.
With bullish structure price sets higher highs and higher lows. One price trades us back down and into the Demand Zone we will want to see another BOS but this time one thats more fractal giving us the confirmation that the correction has finished and the new leg higher is ready.
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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.