USDCHF Long Position (4hr Timeframe)
• Monthly- breakout from bullish trend
• Weekly- MACD about to cross and bullish engulfing candle signal bullish bias this week
• Daily- Trend has crossed over 21 MA and both MA about to cross
• 4 hour- potential pull back in area of resistance will look for breakout before going long
• Hourly – MACD signalling bearish move which could be just the pullback will look to take position once pullback is broken
• Verdict: Long bias which I will take few hours into market opening only if pull back is broken in bullish move
• Fundamentals: Fundamentals: US economic data e.g. CPI
• Weekly- MACD about to cross and bullish engulfing candle signal bullish bias this week
• Daily- Trend has crossed over 21 MA and both MA about to cross
• 4 hour- potential pull back in area of resistance will look for breakout before going long
• Hourly – MACD signalling bearish move which could be just the pullback will look to take position once pullback is broken
• Verdict: Long bias which I will take few hours into market opening only if pull back is broken in bullish move
• Fundamentals: Fundamentals: US economic data e.g. CPI
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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.