USDCHF MARKET ANALYSIS
Wassup traders, I hope you're all doing well and active in the charts. Into the markets today I am looking at USDCHF where price dropped into a major H4 & daily demand zone at 0.90330 & 0.89950 which was the origin of the previous rally to the major H4 & daily supply zone at 0.92150 & 0.91720. Price filled the H4 & daily range from the major H4 & daily demand zone to the major H4 & daily supply zone and back to the major H4 & daily demand zone. Price broke below the major H4 & daily demand zone and formed lower lows on H1 & H4 at 0.89790 followed by a retest of the broken demand as a new supply before a potential continuation of the prevailing bearish trend. Took sell positions during London session at 0.89934 with SL at 0.90140. Setup taken is a drop base drop, a continuation setup and my target is at the next major H4 & daily demand zone at 0.89130.
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