USDCHF Targets for both Long and Short

Hi guys, I've been away from trading for several weeks and went off to study some new material. I changed my style to pure price action but I still use RSI and MACD for divergences. I noticed that I see the markets more clearly without indicators or any kind of MA's. Clear charts create clear minds huh? It's good to be back here.

Okay, let's see USDCHF had a nice uptrend for 36 Days. Now we are the 1.01 Major resistance which also creates the potential Inverse Head and Shoulders leg resistance. Last time we saw the 1.01 zone price rejected and pulled back to 0.955.


Plan A: Long
-1.01 resistance breaks
-Momentum confirms


Plan B: Short
-Trendline breaks
-Negative Divergences play out

Entry with candle confirmation on High Time Frame

Targets and R:R given in the chart.

Happy Hunting.

Transaction en cours:

Trendline broken. Short entry placed at 1.00200