UGTraders

USDCHF - What then? 15.July.2019

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FX:USDCHF   Dollaro / Franco svizzero
Currently, USDCHF stands in front of important support level which suggests a correction before continuing the downside.



If the market consolidate or showed a down slippage around this level, it's an indicator of a strong bearish direction after then.






To be updated...
Commento:
Some thought that our publishing about multi-scenarios is like telling the market would go up or down!

But what we actually did in this analysis is trying to catch a key levels that will force the market to follow specific structure which could be used by traders to know what is happening in the market and act accordingly.

Commento:

protect your position if the market closed 15m candle above the previous support, specifically it penetrated a downtrend line.
Commento:
If the market didn't find enough bullish momentum, and closed below the previous support area, it's a sell signal with a stop-loss just above the that level.

otherwise, target up-trend with a stop-loss just below the trend-line.

Commento:
Commento:
Needless to mention of course that it should show momentum above the minor resistance level

Commento:

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