USDCHF spent much time in the range of level 1 and finally, it broke down to a new low towards the end of the week, moving into the level 2 consolidation zone.
USDCHF moved much to what was expected of it, consolidation then followed by the trend move. I hope traders have taken advantage of the range and made good profits for yourselves!
The analysis for Week 19 still points toward a continuation of the bearish trend in upcoming Week 20.
The price broke into a new low and I am looking at USDCHF forming a new low in Week 20.
With the analysis in place, I am comfortable going short in USDCHF for Week 20. However, a consolidation might also follows after a strong bearish move in Week 20.
I hope all traders continue to make good profit in Week 20!
Please like and follow me if my analysis helped you in any way! Thanks for the support! =)
USDCHF moved much to what was expected of it, consolidation then followed by the trend move. I hope traders have taken advantage of the range and made good profits for yourselves!
The analysis for Week 19 still points toward a continuation of the bearish trend in upcoming Week 20.
The price broke into a new low and I am looking at USDCHF forming a new low in Week 20.
With the analysis in place, I am comfortable going short in USDCHF for Week 20. However, a consolidation might also follows after a strong bearish move in Week 20.
I hope all traders continue to make good profit in Week 20!
Please like and follow me if my analysis helped you in any way! Thanks for the support! =)
