USDCHF: Breakout Structure, looking for BEARISH Continuation

Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.

Higher timeframe:

Lower timeframe:

USDCHF gave us already an interesting short opportunity! As we previously forecasted a couple of weeks ago, we were expecting a downward move, which it performed with a clear impulsive and corrective structure.

Obviously, rarely we could see big drop without structure formations and we strongly believe that another bearish impulse is possible, if the market will form bigger and deeper bearish structure.

When, where and why would we step into the market?
The overall momentum is quite bearish, and another impulse is expected.
Before entering another position, we will be waiting for a clear structure and accordingly with our strategy, if all our conditions will be respected, we will step into the market.

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Sincerely,
Cybernetics Trading Lab

DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.