USDCHF IDEA: SHORT...
Higher timeframe bias is much more significant and reliable.
As price is currently sitting at a major resistance area, it looks very bearish. We have a bearish engulf as we approach the resistance.
I would expect price to breakthrough next week and continue to the lower resistance.
I will wait for a breakout and a retest before shorting.
Let's watch the fundamentals to see if any news comes out for USD this week that may affect this pair.
If you agree, or support my analysis please like and comment below! Or leave your suggestions :)
#HTFbias
Higher timeframe bias is much more significant and reliable.
As price is currently sitting at a major resistance area, it looks very bearish. We have a bearish engulf as we approach the resistance.
I would expect price to breakthrough next week and continue to the lower resistance.
I will wait for a breakout and a retest before shorting.
Let's watch the fundamentals to see if any news comes out for USD this week that may affect this pair.
If you agree, or support my analysis please like and comment below! Or leave your suggestions :)
#HTFbias