We are currently looking at USDCHF. At the moment as you can see the trend is going down wards. With the pairs making its Lower Highs (LH) and Lower Lows (LL), this shows the movement of the market downtrend. Meanwhile as we can see that the price is currently at the WEEKLY LOW point. What could happen is that it will bounce up from the WEEKLY LOW for a bit before continue going down wards like most of the times whenever something similar like this happens.
Next Move: Will wait and observe for the next candle stick to appear and see what is the outcome before taking action. Will not stay at BUY for long as market looks like it is going down trend.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Next Move: Will wait and observe for the next candle stick to appear and see what is the outcome before taking action. Will not stay at BUY for long as market looks like it is going down trend.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.