USDCHF stop hunt complete or will we see another bullish wave?

2019-12-02 19:43:47

Price has made a clear break of the resistance zone and has now come back down to test this level. The question now is is this a bullish continuation signal or is price looking to trap some buyer interest before dropping? The strong rejection on the daily timeframe we see suggests a drop might be near. After catching early entry stops from last week we might just see a roll over. I personally would wait for a break of the support structure before looking to go short.