#USDCHF, barely bearish in Week 17, let it continue in Week 18
USDCHF moved accordingly to what we expect in Week 17, albeit it is not that of a massive move, short traders can still make good gains from shorting with low drawdown.
The reversal zone delayed for a little while before the bearish move, it dipped a little, followed by a consolidation which forms the level 1 of the bearish zone.
The NFP that occurs on Friday helped to push USDCHF back to its original direction, and the USDCHF ended the week with a strong bear move.
As the pair is currently residing in the level 1 zone, the analysis would expect the pair to continue its downward movement in Week 18.
I would look for shorting opportunity in Week 18 and hopefully, it can reach the level 2 zone in Week 18.
I hope all traders can continue to make good profit in Week 18!
If my analysis helped you in any way, I hope you can give me a like and follow me, thanks for your support!
The reversal zone delayed for a little while before the bearish move, it dipped a little, followed by a consolidation which forms the level 1 of the bearish zone.
The NFP that occurs on Friday helped to push USDCHF back to its original direction, and the USDCHF ended the week with a strong bear move.
As the pair is currently residing in the level 1 zone, the analysis would expect the pair to continue its downward movement in Week 18.
I would look for shorting opportunity in Week 18 and hopefully, it can reach the level 2 zone in Week 18.
I hope all traders can continue to make good profit in Week 18!
If my analysis helped you in any way, I hope you can give me a like and follow me, thanks for your support!
Comment:
It should be end of Week 18, towards Week 19!
