USDCHF BREAK AND RETEST
Price gave large bearish move sweeping lows, creating a w formation under a zone. the second leg of the W that reacted off of the zone is used as a confluence sell off zone for retail traders.
it ends up turning into a W /Trap and moves bullish breaking the zone and retesting moving price even higher killing any and all traders that are in shorts.
If price breaks back below the zone I will sell as the move upwards was just a stop hunt before further move down. Simple
it ends up turning into a W /Trap and moves bullish breaking the zone and retesting moving price even higher killing any and all traders that are in shorts.
If price breaks back below the zone I will sell as the move upwards was just a stop hunt before further move down. Simple
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