Across major pairs, the Swiss Franc (CHF) has been bullish creating new lows on monthly time frames for all cross-CHF pairs. Presently, on the monthly time frame, we have a bearish market structure.
On the daily time frame, we are looking at a possible shift in order flow from bearish to bullish; a corrective bullish move.
On the 4-hour chart, we have a change of character (CHOCH) and break of structure (BOS) confirming the shift in order flow. How do we intend to trade this pair?
a) We have an aggressive entry located at the unmitigated demand zone at 0.55 price handle
b) A conservative entry sitting below 0.5443 price handle. We favor this conservative entry since there is liquidity sitting around this region.
We have two possible exits situated around the two green fresh-order blocks (FOB) at 5.58 and 0.59 price handles respectively. Our preference is the higher FOB that has liquidity.
I strongly recommend we wait for the pair to break the Key structure Daily (KSD) buy as the bearish correction targets the unmitigated order blocks.
On the daily time frame, we are looking at a possible shift in order flow from bearish to bullish; a corrective bullish move.
On the 4-hour chart, we have a change of character (CHOCH) and break of structure (BOS) confirming the shift in order flow. How do we intend to trade this pair?
a) We have an aggressive entry located at the unmitigated demand zone at 0.55 price handle
b) A conservative entry sitting below 0.5443 price handle. We favor this conservative entry since there is liquidity sitting around this region.
We have two possible exits situated around the two green fresh-order blocks (FOB) at 5.58 and 0.59 price handles respectively. Our preference is the higher FOB that has liquidity.
I strongly recommend we wait for the pair to break the Key structure Daily (KSD) buy as the bearish correction targets the unmitigated order blocks.
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Join my premium signals group
afroswingfx.com/home/services.php
afroswingfx.com/home/services.php
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.