Here we can see Cable trading in a range, the topside 1.40.
Previously, we've seen price tag and turn at 1.40 with sellers sitting at this whole psychological level!
Often you will find support and resistance levels coinciding with key psychological whole levels in the markets. Do some research and see for yourself!
USD/CHF - Daily Chart -
Our blue daily key level is market at 0.9000 whole level.
We're expecting price to break our current 4 hr level during next week and rally up to test our blue highlighted level.
The green arrow shows the potential price path the pair could make in the longer term.
We are at the top end of the Monthly Range, so I will be looking for a reversal at the 1.63500 Key Resistance level. I did post this analysis on the 22nd of May, However, we have finally approached this level today.
i wanted to share with you this simple structure play. If you zoom out or if you give a look at the daily chart, you'll see that we are now testing a key structure zone on the daily. Therefore i use to lower a timeframe in order to catch an inversion with nice risk to reward ratio.
This level also lines up pretty well with the 618 retracement and the...