USD.CHF - Bear Trap Beware

Currency Pair: USD.CHF
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long

Live USD.CHF updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

Commentaire:

A pullback has now occurred ( sucking in a lot of short orders ) for me i now see upside.
Please note i am long another USD pair, this setup was more identifying a bear trap and not a trade setup.

Commentaire:

I hope everyone was able to identify and adapt accordingly to this trap.
Expect price to break daily highs.