USDCHF Technical Analysis
Price reached the MR1 which was last months high and we saw that bears pushed the price down and now we have a stochastics that looks like it wants to come down.
I am expecting bulls to push price up at either WPP or WM2 which also a fib level. being a bear im going to wait for price to come up around 1.0054 which is also WM3 and look for opportunities to sell
on the H1 chart we can see that price ranged for 3 days at resistance (last months high) and then on Friday price broke the bottom of the range and now im waiting for a pull back to sell. my sell zone coincides with 61.8 fib, WM3 and a role reversal.
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About The Forex Analyst
Graduate in Bcom Human Resources Management. I am a full time Currency Trader and Market Analyst using technical and fundamental analysis, I have been trading in the Forex market since 2016. I am also a part time student at the University of Johannesburg studying Finance and Investment Management. I am always looking to learn and improve my skills as a professional, consistent and successful Trader & Investor for above average returns and a better understanding of the financial industry and financial markets.