Hello Traders
in the case of #USDCHF we decide to share our road map on weekly time frame whit you.
As you can see, after a sharp move downward , the price is completing the side wave pattern between its weekly support and resistance range, and after that, it can continue on its way out of this situation.
This analysis fails when the price can record a stabilization candle above its weekly resistance line.
This is a good opportunity to build your long-term trading attitude towards a sell position on this currency with nice R/R more than 5
in the case of #USDCHF we decide to share our road map on weekly time frame whit you.
As you can see, after a sharp move downward , the price is completing the side wave pattern between its weekly support and resistance range, and after that, it can continue on its way out of this situation.
This analysis fails when the price can record a stabilization candle above its weekly resistance line.
This is a good opportunity to build your long-term trading attitude towards a sell position on this currency with nice R/R more than 5