4h
price has been moving in a downtrend forming series of lower highs and lower lows, it then managed to break the support level and turn it to resistance level. Price made a retracement of 0.6% of the Fibonacci retracement where there is also a supply zone and resistance level.
1h
after retracing back to the resistance/supply zone price gave a candlestick signal for shorting USDCHF
price has been moving in a downtrend forming series of lower highs and lower lows, it then managed to break the support level and turn it to resistance level. Price made a retracement of 0.6% of the Fibonacci retracement where there is also a supply zone and resistance level.
1h
after retracing back to the resistance/supply zone price gave a candlestick signal for shorting USDCHF
Trade closed: stop reached