USD/CHF 4H - I am currently waiting for price to pullback up and into the Supply Zone I have marked out as this would act as a great area to get involved in shorts from.
This market is quite clearly bearish at the moment and until we have a break in one of the last protected highs we should be looking to short this market, trading with the prevailing trend.
I have gone ahead and marked out an area of Demand I feel price may reverse from, with this market being bullish on the higher timeframes price is currently within a corrective phase.
Once price trades down and into the Demand Zone below I feel this will be the area to look to go long from longer term as this should be the area that price sets a higher timeframe higher low.
This market is quite clearly bearish at the moment and until we have a break in one of the last protected highs we should be looking to short this market, trading with the prevailing trend.
I have gone ahead and marked out an area of Demand I feel price may reverse from, with this market being bullish on the higher timeframes price is currently within a corrective phase.
Once price trades down and into the Demand Zone below I feel this will be the area to look to go long from longer term as this should be the area that price sets a higher timeframe higher low.
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