[Market Breakdown 1] USDCHF Monthly
Last pair of Market Breakdown 1 is USDCHF.
On the Monthly i can see a very big Supply & Demand zone where the price is sitting at the moment.
It's holding as support since September 2011.
Most likely it will act as support again as it's a pretty strong zone.
Also we have a Fib completion, this could be also an indication for a switch of momentum.
In trading you don't have a lot of certainties, you always want to anticipate on the situation.
A short set-up is of course also possible if we break very very impulsive and we retest with corrective nature.
On the Monthly i can see a very big Supply & Demand zone where the price is sitting at the moment.
It's holding as support since September 2011.
Most likely it will act as support again as it's a pretty strong zone.
Also we have a Fib completion, this could be also an indication for a switch of momentum.
In trading you don't have a lot of certainties, you always want to anticipate on the situation.
A short set-up is of course also possible if we break very very impulsive and we retest with corrective nature.
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.