Keeping an eye on USDCHF for a potential wedge breakout op
1. Price held resisted at the 0.9795 mark. Every time price approached this resistance level, you saw a strong bearish reaction each time.
2. Depending on how you draw the trendline, you'll have differing views on whether this wedge consolidation has been broken.
3. I do not like to trade off of trend lines as I like to look at horizontal levels where price has traded to get a sense of buying and selling pressure sources. I'll be monitoring this on the hourly, but I see strong potential for greater downside play if this indeed turns bearish.
2. Depending on how you draw the trendline, you'll have differing views on whether this wedge consolidation has been broken.
3. I do not like to trade off of trend lines as I like to look at horizontal levels where price has traded to get a sense of buying and selling pressure sources. I'll be monitoring this on the hourly, but I see strong potential for greater downside play if this indeed turns bearish.
Dagangan aktif
Great initial push lower on this pair. The next critical level that I'm eyeing is the 0.96 whole number:Dagangan ditutup: sasaran tercapai
0.96 target reached.
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.
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.