SLouise96

USDCHF - Bears losing power?

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend line liquidity with bearish breakthrough causing bearish IMB, creating a CHoCH. This structure is followed by another bearish BOS and a fake CHoCH. We then started to see price attempting to fill the 2H FVG just below the bearish OB that created it. As we speak, liquidity has been grabbed and price is attempting to head down towards the unmitigated bullish OB. This will trigger short positions, but I expect the FVG previously mentioned to be filled first before continuing down. Its very obvious that for the time being, selling power is weakening.

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