Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDCHF is overall bearish trading inside the red falling broadening wedge and channel in red, and it is currently approaching the upper red trendlines .
Moreover, the zone 0.935 - 0.94 is a strong weekly resistance zone .
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance resistance zone and upper red trendlines . (acting as non-horizontal resistance)
As per my trading style:
As USDCHF is sitting around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF is overall bearish trading inside the red falling broadening wedge and channel in red, and it is currently approaching the upper red trendlines .
Moreover, the zone 0.935 - 0.94 is a strong weekly resistance zone .
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance resistance zone and upper red trendlines . (acting as non-horizontal resistance)
As per my trading style:
As USDCHF is sitting around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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Use Coupon: TV6 on www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal