Idea
USDCHF
Long-term indicators (months)
1. Strong resistance since December 2022
2. Long trendline broken
Mid-term (1 - 7 days)
1. Bearish divergence
2. Unfilled imbalance
3. OB
4. Double top resistance
Short-term (same day - hours)
1. Rejection of gold zone fib
2. Failed to break the previous high
3. Structure seems broken
4. Breaking R1
DISCLAIMER
This is just some TA hocus. Price could go up, break resistance and shoot up.
This is NOT to be taken as financial advice in no situation, time, or place.
Most people lose money trading.
I just look at charts because I like it.
USDCHF
Long-term indicators (months)
1. Strong resistance since December 2022
2. Long trendline broken
Mid-term (1 - 7 days)
1. Bearish divergence
2. Unfilled imbalance
3. OB
4. Double top resistance
Short-term (same day - hours)
1. Rejection of gold zone fib
2. Failed to break the previous high
3. Structure seems broken
4. Breaking R1
DISCLAIMER
This is just some TA hocus. Price could go up, break resistance and shoot up.
This is NOT to be taken as financial advice in no situation, time, or place.
Most people lose money trading.
I just look at charts because I like it.
Comment:
Corrrection this was USDCHF!!!!