USDCHF BRIEF

Tendency: Downtrend ( Bearish )
Structure: Supply & Demand | Correction/Retracement
Observation: i. Price action hits Demand zone after Impulse leg.
ii. Looking out for a break out off of the Demand zone.
iii. Notice that price is going through a correction move after the XA leg.
iv. Price slicing through our Moving Averages on lower time frames.
Trading plan: SELL opportunity with a minimum potential profit of 400 pips.
Risk/Reward: 1/3
Potential Duration: 10 to 25 days

Watch this space or Telegram channel for updates on lower time frames as price action is been monitored.


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