USDCHF MARKET ANALYSIS
Ola Ola traders good afternoon, I hope you're all doing great this fine afternoon and you've been active in the markets this week as this is Non-farm Payrolls (NFP) week. Into the markets today, I'm looking at USDCHF where price rallied to a major H4 & daily supply zone at 0.91084 & 0.90700 which was the origin of the previous major drop. Price rallied into the supply zone at 0.90920 then formed a strong bearish engulfing on H4 with candle closes below supply. Price dropped to 0.90260 forming a lower low then retraced back to supply during Asian session into London session. Took sell positions during mid-London session at 0.90661 with SL at 0.90870. Setup taken is a rally base drop, a reversal setup and my target is at 0.89100.
Comments
Post a Comment