investwithk

USDCHF - MARK UP - INVESTWITHK

FX:USDCHF   USA-dollar/Schweizisk franc
As I was marking up support and resistance, I was able to identify structure that I like to call "mountains", that are getting lower; helping me to confirm the direction of the trend. Before hopping into this pair; I noticed that the previous support was constantly being violated, confirming the bearish trend. I am currently waiting for the previous resistance line to break, confirming the rotation of the trend. Then I will get in for a buy. Right now it is a waiting game to see which way price is headed.

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