USDCHF S
I like what the markets showing! This is what I'm seeing (always room for improvement):
D - running descending channel with two touches; possible it's just a correction to break out and go higher to reach 1.01285 level.
4H - Potential to pullback and create a double top for a deeper sell. or even break out for a possible bigger position; both with 20 pip stops
1H - price can move up to the ray line area to count as 4 touches and create a u pattern; curious if others in the community can confirm if this could be the formation of a falcon flag
15M - if we see a strong bearish move out to of the channel to confirm a move to the downside I'll be entering. The more I look at it I feel this is more of a valid set up than a high probability set up which is why a strong bearish move would confirm an entry for me, overall staying patient.
D - running descending channel with two touches; possible it's just a correction to break out and go higher to reach 1.01285 level.
4H - Potential to pullback and create a double top for a deeper sell. or even break out for a possible bigger position; both with 20 pip stops
1H - price can move up to the ray line area to count as 4 touches and create a u pattern; curious if others in the community can confirm if this could be the formation of a falcon flag
15M - if we see a strong bearish move out to of the channel to confirm a move to the downside I'll be entering. The more I look at it I feel this is more of a valid set up than a high probability set up which is why a strong bearish move would confirm an entry for me, overall staying patient.
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