USDCHF - MARK UP - INVESTWITHK

2021年1月4日

As I was marking up support and resistance, I was able to identify structure that I like to call "mountains", that are getting lower; helping me to confirm the direction of the trend. Before hopping into this pair; I noticed that the previous support was constantly being violated, confirming the bearish trend. I am currently waiting for the previous resistance line to break, confirming the rotation of the trend. Then I will get in for a buy. Right now it is a waiting game to see which way price is headed.