USDCHF Buyers in Control! Orderblock Setup {21/08/2023}
Educational Analysis says USDCHF trade set up according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this setup?
Because USDCHF break downward facing top trendline in a 4-hour time frame which was respected by sellers for a very long time.
The market is bearish but due to changes in structure and character market is riding a bull run by buyers.
The parallel channel shows there has been liquidity generated by the stop loss of retail traders. and Plus there double-bottom liquidity has been generated to doom retail traders.
The market will come down to collect it and maybe we see a reversal after that.
The Market is currently reaching towards the Latest Short side of Orderblock to Move down and then maybe a reversal may happen.
The black line is the Order block
The RED line is high and low at the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy trading, FX Dollars.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this setup?
Because USDCHF break downward facing top trendline in a 4-hour time frame which was respected by sellers for a very long time.
The market is bearish but due to changes in structure and character market is riding a bull run by buyers.
The parallel channel shows there has been liquidity generated by the stop loss of retail traders. and Plus there double-bottom liquidity has been generated to doom retail traders.
The market will come down to collect it and maybe we see a reversal after that.
The Market is currently reaching towards the Latest Short side of Orderblock to Move down and then maybe a reversal may happen.
The black line is the Order block
The RED line is high and low at the current price.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy trading, FX Dollars.
Stop loss at 0.89190
Take Profit at 0.85876