DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Sunday, June 06, 2021

USDCHF Analysis June 6, 2021

USDCHF Analysis June 6, 2021

On the weekly timeframe we are hitting a level of support and showing signs of reversal here. Last week formed a dojo candle which is a reversal signal

On the H4 timeframe we can see that price broke the trend line and shifted momentum to the upside. We formed a new HH point and are now retesting a level of liquidity that we may want to buy at. I marked up a trade with multiple confirmations including the Fibonacci retracement , support, and wicks to the downside. We will put our stops below the 120% level on the fibonacci and target the 161.8% fib level

from TradingView Ideas
via gqrds

No comments: