USDCHF Daily Range Provides Sell Opportunity

2
212
USDCHF Sell Opportunity Follow Up And Update

Click To Join Our Community Telegram Group

Hi Traders! USDCHF daily range provides sell opportunity for us. A detailed analysis of this bearish setup is as follows:

USDCHF D1 Chart:

On the daily chart the price is moving inside a range, this range is formed by the highs and lows reaching similar resistance and support zones. The price is respecting this range so far and has currently reached the top of it, if we didn’t get a valid breakout here we may then expect the price to respect this top and move lower again. We may now start looking for bearish setups with bearish evidences on lower timeframes in order to join the bears.

USDCHF Daily Range Provides Sell Opportunity

 

USDCHF H4 Chart:

On the H4 chart the price has created multiple divergences with false breaks which we may consider as evidences of bearish pressure. In addition to this the price has also created a nice engulfing candle pattern which we may consider as another evidence of bearish pressure. Until the top of the daily range holds we may start looking for sells with more bearish evidences.

USDCHF Daily Range Provides Sell Opportunity

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

Not sure how to spot reversals (bounces)? Not sure how to spot breakouts?

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

 

Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

Advertisement

Click To Join Our Community Telegram Group

2
Leave a Reply

avatar
2 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
SteveAlex Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Steve
Guest
Steve

Thank you on sharing the ideas USDCHF

Alex
Guest
Alex

Thank you Yordan for your guidance.