USDCHF 4H & 1D & 1W | Why Short opportunity? (READ DESCRIPTION)
Diupdate
Pair of Name 
USDCHF
Time Frames : 4H & 1D & 1W
Direction : Short
Type : Pattern Breakout + inner Trend Break
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On the pair USD / CHF a quite interesting pattern has occurred. The head and shoulders a Bearish pattern. Along with that the volume profile has its spike of liquidity at this barrier 0.90130$. But we need to break, to continue. Even though the volume profile has a lot of liquidity at the lower levels which we are aiming for. And an inner up trend line at the area 0.90100$. Which do we will also need to break. Along with what you know now from the 4-hour perspective. We can move on to higher time frames.
Daily time frame. On the Daily time frame, we can see that has occurred A turn over trend line. At the exact same point as the volume Poc level. This area here is a potential bullish trade area at 0.87995$ And along with price being pushed down from the major trend line from the weekly perspective. There is also a resistance level at this same point. Where the trend line and the resistance point meet each other. At area 0.90960$ Along with that, account or trend line has also occurred. And a Major FVG on Daily time frame.
Weekly time frame. On the weekly time frame, we can see that that has been formed in major FVG And the liquidity high has been taking out. We are now seeing a 50% drawdown and a continuation phase in the near future.
Summary 5 easy steps to follow
Hope this helps you!
USDCHF Time Frames : 4H & 1D & 1W
Direction : Short
Type : Pattern Breakout + inner Trend Break
————————
On the pair USD / CHF a quite interesting pattern has occurred. The head and shoulders a Bearish pattern. Along with that the volume profile has its spike of liquidity at this barrier 0.90130$. But we need to break, to continue. Even though the volume profile has a lot of liquidity at the lower levels which we are aiming for. And an inner up trend line at the area 0.90100$. Which do we will also need to break. Along with what you know now from the 4-hour perspective. We can move on to higher time frames.
Daily time frame. On the Daily time frame, we can see that has occurred A turn over trend line. At the exact same point as the volume Poc level. This area here is a potential bullish trade area at 0.87995$ And along with price being pushed down from the major trend line from the weekly perspective. There is also a resistance level at this same point. Where the trend line and the resistance point meet each other. At area 0.90960$ Along with that, account or trend line has also occurred. And a Major FVG on Daily time frame.
Weekly time frame. On the weekly time frame, we can see that that has been formed in major FVG And the liquidity high has been taking out. We are now seeing a 50% drawdown and a continuation phase in the near future.
Summary 5 easy steps to follow
- We only need the pattern to complete.
- We will be the volume profile poc line to break.
- We will need the trend line to break.
- Wait for entry point to occur.
- Let the trade play out.
Hope this helps you!
Catatan
Break of major down trend new up trend?
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