Greetings Forexia Crew, Lets break down the analysis of USDCHF pair. From the higher time frame i can see that the piar has overall downtrend. Therefore, i hold the seller bias on this pair only. As you can see from the overall analysis from above picture that pair has been showing bullish momentum to the upside and yet ended the week with bullish trap above the zone. Additionally, the pair has moved downside aggressively. Moreover, the pair has bounced off the support zone where lots of people go long there, however, i believe the pair has more potentials to short. I am expecting the scenario below. Trade pair might show entries today on New York session or tomorrow.
Please use proper money management and lot size!!!
