UPDATE ON USDCHF ANALYSIS - 1H CHART

Hey traders,

I linked my previous analysis on USDCHF in this idea published so you see the full idea.

By now we are getting uptrend impulses so my next trade is a buy; however, if market starts making an ending diagonal pattern I will plan a sell at the breakout.

Carlos

Kommentera:

confirmed uptrend move, looking for buys by now but the good trade is the sell at the end of the corrective structure

Kommentera:

Nice 1H flag which you can trade up. You can look for a short term trade and then start looking for the reversal.

Kommentera:

We have a slow move down, I am sure it is a corrective move, so still watch for a buy inside the structure as a short term trade. If it brakes structure downtrend by the lower line then we will plan a sell.

Kommentera:

We had a fast reversal in 1H chart from the top of the structure. Look for a flag to SELL, since we may finally get the downtrend impulse. If not we will keep selling from the top of the structure (upper trendline)