USDCHF is reacting to WEEKLY demand while trend is bearish
Price has been bearish for 2 quarters and suddenly broke above $0.855🔴 giving bullish internal structure. Price closed higher last week forming a weekly FVG waiting to be filled. We have a weekly supply zone that broke structure and is UNMITIGATED. We also have an UNMITIGATED demand zone formed after bullish break of structure. An entry zone has formed!
Entry 1⬆️ (bullish):
-Keeping in mind that price is bearish, we can look to enter at our marked demand zone and target our UNMITIGATED SUPPLY
Entry 2⬇️ (bearish):
- Keeping in mind that price reacted to a Weekly demand zone+price is bearish overall, We can enter our shorts at our UNMITIGATED supply zone and target our fresh swing low for liquidity raid. Assuming price is moving from internal to external liquidity
Entry 1⬆️ (bullish):
-Keeping in mind that price is bearish, we can look to enter at our marked demand zone and target our UNMITIGATED SUPPLY
Entry 2⬇️ (bearish):
- Keeping in mind that price reacted to a Weekly demand zone+price is bearish overall, We can enter our shorts at our UNMITIGATED supply zone and target our fresh swing low for liquidity raid. Assuming price is moving from internal to external liquidity
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