Im liking this set up for a long scalp trade, Waiting on confirmation from macd cross over on 1 hr we are in a downtrend but I think this is a valid buy to at least get to half of the channel of s/r
Goodmorning Traders! Im looking at USDCHF on the daily we've been on a beautiful down trend breaking support and resistance and good levels, As of now we are at support/ now resistance, Im waiting on the break of this and the crossover on macd on the 1hr the 200 ema is under our price indicating a downtrend as well and our RSI is the highest it's been during this...
Im leaning. But I came up with this after seeing how price touched resistance, and on the dayli and weekly chart we broke through our trend. both side ways and horizontally, Ill say we are looking for a retest back to our 618 and 382 on fib to continue a bigger up trend or if its broken a down trend, Let me know what yall think I would love to hear your thoughts...
