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vioralle

USDCHF sell

Short
U.S. Dollar / Swiss Franc (ICMARKETS:USDCHF)  
vioralle  
ICMARKETS:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
USDCHF sell idea based on daily, 4h and 1h timeframe

  • USCHF fail to hit the previous daily resistance at 0.9246 and make a strong rejection at 0.9224
  • Followed by bearish engulfing in 4h candle
  • The sideways breaks to the higher price looks like a turtle soup scenario (sell inducement)
  • The gap between opening time has been fulfilled consecutively by the next 4h candle, means that the retracement will turn into an impulsive move right away
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