Observing the FCPO, it's evident that the price is presently following a downward trend within a channel. The recent support level, previously at 4240, has now been breached and is acting as resistance. The question arises: will this level continue to exert significant influence in holding the price?
Dear Followers, USDCHF I saw Inverse+FVG appeared recently. It happened at same level with previous shoudler. To be exact in this case, 2 left shoulders. I am expecting a bearish for USDCHF.
Good morning followers, FCPO rebound recently after reaching near 50% retracement level. Despite we are waiting for Inverse to happen, we can see a FVG formation setup is appeared and giving a Buy Setup for continuation of a Bullish Trend recently. The Rally I expect it should be a minimum 1x length of Wave 1. Which is giving me a target around 4350+ approximately.
I can see the potential for Bullish when it break .545 FAKEY pattern is recognized, but the volume I can see it is not have much. So, quite dangerous. However, my personal target is around 60 cent. All the best!