USDCHF BREAK AND RETEST
Price gave large bearish move sweeping lows, creating a w formation under a zone. the second leg of the W that reacted off of the zone is used as a confluence sell off zone for retail traders.
it ends up turning into a W /Trap and moves bullish breaking the zone and retesting moving price even higher killing any and all traders that are in shorts.
If price breaks back below the zone I will sell as the move upwards was just a stop hunt before further move down. Simple
it ends up turning into a W /Trap and moves bullish breaking the zone and retesting moving price even higher killing any and all traders that are in shorts.
If price breaks back below the zone I will sell as the move upwards was just a stop hunt before further move down. Simple
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.