USDCHF Multi timeframe price action analysis
Higher Time Frame : 1D Bullish
We are still on an uptrend on the daily timeframe but it looks like we need to sweep some liquidity before attempting to go even higher.
Mid Time Frame : 4H Bearish
We are now testing the bearish 1 hour orderblock
Price has rejected very beautifully on the lower time frame (5m/15m chart) , a displacement candle was formed causing a market structure shift/change of character.
We can enter a short position from here , targeting the 2 points of liquidity needed to head toward the upside, there's a high chance we're going to fill the inbalance on the 4h FVG as there's a 4H OB formed as well.
We are still on an uptrend on the daily timeframe but it looks like we need to sweep some liquidity before attempting to go even higher.
Mid Time Frame : 4H Bearish
We are now testing the bearish 1 hour orderblock
Price has rejected very beautifully on the lower time frame (5m/15m chart) , a displacement candle was formed causing a market structure shift/change of character.
We can enter a short position from here , targeting the 2 points of liquidity needed to head toward the upside, there's a high chance we're going to fill the inbalance on the 4h FVG as there's a 4H OB formed as well.