Dollar américain / Franc suisseMis à jour Double Bottom or Trend rejection on USDCHF
Bullish setup (Blue) - We have a potential DB forming, a break of the neckline will also break the T/L - giving clear indication that the momentum is shifting. Divergence is present.
The blue box that the price is currently sat in is a clear area of Liquidity slightly further back in this time frame. If it can break above & scoop back, the move up is probable.
Bearish setup (Red) - Price has made a 3rd bounce of this T/L, the bounce was also a clean and relevant Fib rejection. The blue box that the price is currently sat in is a clear area of Liquidity slightly further back in this time frame. If it can break below & then scoop back, the move down is probable.
Setups like this are not about ensuring I look right either way - this could range and neither setup is relevant. Setups like this show an unbiased approach to the markets and an opportunity regardless of which direction it breaks - My feeling is that we will see it break up, but we will need to watch for confirmation.#
Targets are Fib EXT
The blue box that the price is currently sat in is a clear area of Liquidity slightly further back in this time frame. If it can break above & scoop back, the move up is probable.
Bearish setup (Red) - Price has made a 3rd bounce of this T/L, the bounce was also a clean and relevant Fib rejection. The blue box that the price is currently sat in is a clear area of Liquidity slightly further back in this time frame. If it can break below & then scoop back, the move down is probable.
Setups like this are not about ensuring I look right either way - this could range and neither setup is relevant. Setups like this show an unbiased approach to the markets and an opportunity regardless of which direction it breaks - My feeling is that we will see it break up, but we will need to watch for confirmation.#
Targets are Fib EXT
Trade fermée: cible de profit atteinte
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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.