USDCHF the Lagging Span at a strong level

31 janv. 2022

Following the DXY analysis (tradingview.com/chart/DXY/v9P6h1YF-DXY-potential-for-correction/), the Lagging Span is a it's SSB level on the Weekly Timeframe. If the Lagging Span is refused to pass, a correction to the Weekly TS or KS is likely.

A breaking of that level and after confirmation, the next Target would be the Monthly KS as marked on the chart.




Glossary :
TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span
DLY = Daily | WLY = Weekly | MLY = Monthly
TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe

** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. ALWAYS TRADE WITH CARE **

31 janv. 2022

Note

As expected, the Lagging Span was rejected by the Weekly SSB and price are currently retracing.

The Weekly KS could be a potential target.

1 févr. 2022

Trade fermée: cible de profit atteinte

Price retraced to the WLY KS, from where it could react by bouncing back on the upside or by either breaking that level, however there is now a confluence of support levels on the DLY chart.