USDCHF Sell Opportunity Update And Follow Up

2
322
USDCHF Sell Opportunity Update And Follow Up

Click To Join Our Community Telegram Group

Hi Traders! USDCHF sell opportunity update and follow up is here. In the previous post here I mentioned “On the H1 chart the price is moving inside a channel, this channel is formed by the uptrend line and an alternative trend line. Currently the price has reached the top of this channel and we have got multiple false breaks with bearish divergences which we may consider as evidences of bearish pressure. In addition to this the price has now reached the psychological level 1. Hence everything looks good here for the bears and we may expect continuation lower”. Lets see how this setup has developed now.

USDCHF H1 Chart:

On the H1 chart the price moved exactly as per our plan, it moved lower from the critical zone and reached the bottom of the channel. The price then broke below the bottom of the channel and moved lower further. We have collected nice profits so far. We may look for sells until the price holds below the bottom of the channel.

USDCHF Sell Opportunity Update And Follow UpIf you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $197 PER YEAR.

Advertisement

Join Traders Academy Club Now 

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

 

Yours to your success

Vladimir Ribakov

 

Click To Join Our Community Telegram Group

SHARE

2 COMMENTS

JOIN THE CONVERSATION - I ALWAYS REPLY (VLADIMIR)

Please enter your comment!
Please enter your name here

We respect your privacy and take protecting it very seriously.