This is option 1: for USDCHF for me this week, price failed to close above the previous 1D candle, no sign of reversal but this may be a nice long position for a retrace, price broke below a significant daily structure level and I believe it could retest it hence the long position and the fact that the most recent candle was quite strong
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.