USDCHF is a downtrend in the weekly time frame and in the h4 time frame weekly pullback gets over and the price is forming distribution to trap the weak-handed traders in this distribution stage 90% of traders are losing price may go short because of the price at the weekly resistant zone and price which is formed distribution zone. it is education purpose only trade safe.
looks like a good sell idea in 4h time frame already broken the support level and gave a pull back let monday the market opens and will see how it plays if it shows entry signs will go throug the trade
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As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.01.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.005.
TP4: S2=1.0035.
Set the stoploss of these orders at breakout of R2=1.012.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
