USDCHF purchase confirmation
Hello friends, I republish my analysis because the previous one was hidden by the platform.
Well, in the price within rectangle 1 we have a formation (somewhat similar to a range) that in my opinion is an accumulation (which is confirmed when the volume indicator "VPVR" is activated) and after this the price breaks resistance and then test again (we can call it pullback in any case) showing trade volume in the area marked with a circle (this can be seen better when the "VPSV" indicator is activated) this being my purchase confirmation .. .
all good up to there ?? Well, it is not only that. To reach a better conclusion I base myself on the correlation that this pair has with the "EURUSD" which at this very moment shows signs of continuing its downward trend, this means that if the "EURUSD" goes down then the "USDCHF" will rise and vice versa.
Yes now...! that is all.
And you know, If my way of seeing the graph has served you, give it a like or follow me if you want to see the short-term monitoring process or possible medium operations.
Well, in the price within rectangle 1 we have a formation (somewhat similar to a range) that in my opinion is an accumulation (which is confirmed when the volume indicator "VPVR" is activated) and after this the price breaks resistance and then test again (we can call it pullback in any case) showing trade volume in the area marked with a circle (this can be seen better when the "VPSV" indicator is activated) this being my purchase confirmation .. .
all good up to there ?? Well, it is not only that. To reach a better conclusion I base myself on the correlation that this pair has with the "EURUSD" which at this very moment shows signs of continuing its downward trend, this means that if the "EURUSD" goes down then the "USDCHF" will rise and vice versa.
Yes now...! that is all.
And you know, If my way of seeing the graph has served you, give it a like or follow me if you want to see the short-term monitoring process or possible medium operations.
Note
hello,If for any reason you are seeing this analysis at this date and you want to make a purchase for profit, do not do it!wait for it to pull back on the trend line that broke this last raly, and after that you go shopping, at your own risk ...
success to all !
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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.
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.