Доллар США / Швейцарский франкКороткая
SHORT USD/CHF
The chart above is USD/CHF Daily timeframe. As you can see price within this pair has been showing bearish market structure printing lower highs and lower lows. Most recent we have seen a lower low form at the 0.95500 area, which price since has been retracing to the upside.
Price has so far has retraced back to the 61.8% fibonacci extension level, where we have seen several spikes and rejections.
Price is trapped in a small ascending triangle which is squeezing price to eventurally show a break.
All 3 EMA's are bearish and price is also capped by the 20EMA. Over the next week, we will be looking for a break of the CTL (counter trendline) for a potential shorting opportunity down to the 0.94900 support which aligns with the - 27.2% fibonacci extension level.
This would create a new lower low following the bearish market structure.
ABCD FIBO formation.
Awaiting break of ctl.
Price has so far has retraced back to the 61.8% fibonacci extension level, where we have seen several spikes and rejections.
Price is trapped in a small ascending triangle which is squeezing price to eventurally show a break.
All 3 EMA's are bearish and price is also capped by the 20EMA. Over the next week, we will be looking for a break of the CTL (counter trendline) for a potential shorting opportunity down to the 0.94900 support which aligns with the - 27.2% fibonacci extension level.
This would create a new lower low following the bearish market structure.
ABCD FIBO formation.
Awaiting break of ctl.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.