USDCHF Double Bottom, Swing Low, Price Action, Trend
Evening Traders,
Today’s analysis – USDCHF – trading at a potential double bottom formation where a bounce is probable,
Points to consider,
- Price Action Corrective
- Double Bottom Support
- Structural S/R Resistance
- RSI Oversold
USDCHF’s immediate price action is trading at a key location that has equal lows, allowing for a bullish bias.
The Structural S/R is current resistance, testing this level is highly probable once a bounce get on the way.
The current RSI is over-extended, a reversion it is mean is likely from current extended regions.
Overall, in my opinion, USDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“It’s OK to be wrong; it’s unforgivable to stay wrong
Today’s analysis – USDCHF – trading at a potential double bottom formation where a bounce is probable,
Points to consider,
- Price Action Corrective
- Double Bottom Support
- Structural S/R Resistance
- RSI Oversold
USDCHF’s immediate price action is trading at a key location that has equal lows, allowing for a bullish bias.
The Structural S/R is current resistance, testing this level is highly probable once a bounce get on the way.
The current RSI is over-extended, a reversion it is mean is likely from current extended regions.
Overall, in my opinion, USDCHF is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“It’s OK to be wrong; it’s unforgivable to stay wrong
Join my free telegram! t.me/chartdoctorsanconsultants
Follow me on Twitter! twitter.com/pinkdawn__
Follow me on Twitter! twitter.com/pinkdawn__
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.