USDCHF Daily

Jul 9

Price has pulled back to retest the previous lower timeframe structure as resistance, forming a lower high. The retest zone also aligns with a key higher timeframe zone looking left, & today the candle is closing as a Doji indecision candle at the retest zone, showing an indication that sellers may be preparing to push price down again below this key region towards the support regions below next.

Jul 9

Note

4 Hour: Structure break & retest / confirmation candles

Jul 12

Note

First target achieved for 60 pips.

Jul 18

Note

Over 150 pip drop from the sell zone of interest !

Jul 31

Trade closed: target reached

Price approaching full Target zone for over 200 pips.