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Theamy
1 juin 2020 10:25

USDCHF Shall we Buy or Shall we Sell [Long term scenario] Long

U.S. Dollar/Swiss FrancFXCM

Description

Analysis :
  • Price is in a descending channel,
  • Price is in a Range Area,
  • Bears are rejected on the lower bound of our range area,
  • Bears are rejected on both [Our resistance zone & the descending channel down bound].



Buy :
  • Wait Pullback confirmation,
  • Wait for a rejection candle pattern to form e.g. bullish engulfing , pinbar , Insidebar etc,
  • Initiate BUY order,
  • Targets Polarity zone [~0.9689],
  • SL under the range area lower bound [~0.9571],





/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.



A bearish engulfing pattern has emerged at the bearish bat pattern potential reversal zone.
***This idea is only for educational purpose. Not a financial advice***
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