Greetings Forexia Crew: Lets break down the USDCHF analysis. From the daily time frame it can be seen that the pair is in overall down trend. While, the pair has formed the fake uptrend where traders go long. I believe the pair has reversed from buyers to sellers. Meaning, the price is bearish. I believe the USDCHF has reversed from Tuesday reversal of the Monday’s Wedge Formation #Signature Trade. While, the USDCHF has found a support where it has bounced off, i believe its just another bullish zone induction. I am expecting this scenario to occur.
Please use proper money management and lot sizes.
Trade update: after moving 30pips to my favor trade broke even!