USDCHF sell

3 mai

USDCHF sell idea based on daily, 4h and 1h timeframe

• USCHF fail to hit the previous daily resistance at 0.9246 and make a strong rejection at 0.9224
  
• Followed by bearish engulfing in 4h candle
  
• The sideways breaks to the higher price looks like a turtle soup scenario (sell inducement)
  
• The gap between opening time has been fulfilled consecutively by the next 4h candle, means that the retracement will turn into an impulsive move right away