Hi, my name is Shooter_Forex .
USDCHF Demand Zone D1 + Reduction structure model. Sell Limit
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital (4% / deal)
Appears to be a build up of Sellers at around the 15.50 area, watching out for any strength in the USD could take price down further to a support line at around the 13.90 area and to a price squeeze. With the stock market potentially heading south, silver could be heading that way also as money is attracted to Gold.
The French shares have been moving higher so we believe this may be a breakout overpowering the sellers at around the 5505 area and continue to an upward trend and benefit our trade.
However it does appear that price is moving in to a triangle trend line so price may get squeezed by the pressure of the Bulls and the Bears before the CAC 40 Breakout is achieved.