Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily: Left Chart
USDCHF has been bearish trading inside the falling red channel. However it is currently approaching a strong daily support zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For bullish momentum to prevail and trigger our buy setup, a break above the recently highlighted grayed high is necessary.
Meanwhile, USDCHF would be bearish and can still trade lower to test the lower bound of the daily support. In this case we will be looking for new buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on Daily: Left Chart
USDCHF has been bearish trading inside the falling red channel. However it is currently approaching a strong daily support zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
For bullish momentum to prevail and trigger our buy setup, a break above the recently highlighted grayed high is necessary.
Meanwhile, USDCHF would be bearish and can still trade lower to test the lower bound of the daily support. In this case we will be looking for new buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal