USD/CHF PRICE IS SETTING UP
USD/CHF 30M - Price seems to be setting itself up nicely for a move to the upside, we are currently seeing price accumulate. As we know this is when price removes Supply from the market and loads up on Demand.
This should give us the volume we want to the upside to give us the confirmation needed to enter in on long positions, I want to see a break in the previous highs within this accumulation before we look to go long.
Once we have those breaks in highs we can then begin to look for an entry, we will be able to get a refined entry as we will look inside the impulsive wave that breaks the previous highs for areas of interest.
Once we have found an area of interest to enter in from, we simply wait for price to trade down and into it, reject well and show signs of bullish structure, this deeming us a valid entry on this market.
This should give us the volume we want to the upside to give us the confirmation needed to enter in on long positions, I want to see a break in the previous highs within this accumulation before we look to go long.
Once we have those breaks in highs we can then begin to look for an entry, we will be able to get a refined entry as we will look inside the impulsive wave that breaks the previous highs for areas of interest.
Once we have found an area of interest to enter in from, we simply wait for price to trade down and into it, reject well and show signs of bullish structure, this deeming us a valid entry on this market.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.