Greetings Forexia Family, Lets break down the analysis on USDCHF, as it can be seen above that the pair has overall downtrend, while, the pair has formed uptrend during the last week. In addition, the pair has broke the uptrend to the downside and respected the support where traders go. However, I believe the pair has more potentials to go short. I am expecting the scenario below:
Please use proper money management and lot sizes!!!
“TRADING ON MONDAY NOT RECOMMENDED!!!”
Lost on this one -20pips, an early entry the price moved down next day! I was a bit early! 🙂