USDCHF was consolidating from the beginning of the week, going up and down around very important key level, which made it unclear for most traders and finally closed below very important resistance level which put it into a selling pressure.
Currently, USDCHF, will face a correction that might bounce the prices back to test resistance levels, OR, will be a sideways correction.
If the market did a sideways corrections, it would be in the favor of all bears, NEVER MISS THE BREAKOUT AFTER THEN.
Good luck, and to be updated...
Currently, USDCHF, will face a correction that might bounce the prices back to test resistance levels, OR, will be a sideways correction.
If the market did a sideways corrections, it would be in the favor of all bears, NEVER MISS THE BREAKOUT AFTER THEN.
Good luck, and to be updated...
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To be more exact :
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it was supposed for this support to be burned off, take care of this support
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still the support works on :
just got closer to the resistance level and sharply dropped off
Now the current scenario: