Get started
IllusiveShroud

USDCHF Supply Becomes Demand

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
IllusiveShroud  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns supply_and_demand
1
1
trendanalysis chartpattern supply_and_demand
After a strong wick rejection from the previous lower demand zone price has broken through an area previously established as Demand.

Price action shows it is currently being rejected, with price rounding out around the area.

I now anticipate a push to the upside to mitigate the major USDCHF imbalance at the Supply.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.