USDCHF
this is a very bearish market, making LL/LHsince the beginning of the year. however price
has had a decent rally up since July nearing a level of liquidity (red zone).
Looking at the weekly we have two scenarios
1: a potential liquidity sweep
then a deep move back down target .8600
2: break and close above red zone targer .9200
Daily FVG (fair value gap-grey zone) has been
filled so normally the next target would be
liquidity. Mixed fundamentals for the $ overall
week of 9/11. we may not see this move until
next week but this be a very profitable move
with either scenario i mentioned. this is not a
pair i normally trade but I only pick two pairs
to trade per week and this looks promising.
this is a very bearish market, making LL/LHsince the beginning of the year. however price
has had a decent rally up since July nearing a level of liquidity (red zone).
Looking at the weekly we have two scenarios
1: a potential liquidity sweep
then a deep move back down target .8600
2: break and close above red zone targer .9200
Daily FVG (fair value gap-grey zone) has been
filled so normally the next target would be
liquidity. Mixed fundamentals for the $ overall
week of 9/11. we may not see this move until
next week but this be a very profitable move
with either scenario i mentioned. this is not a
pair i normally trade but I only pick two pairs
to trade per week and this looks promising.
on the retest because i was asleep when
the break happened.