Hello everyone! This post is covering the USDCHF with the Professor Setup and Pure Price Action Technical Analysis
- USDCHF H1 Timeframe
- We received a short alert early this morning on the USDCHF H1 timeframe
- We have created the second leg down and broke below the previous range
- Possible targets: 0.9699 – 0.96685
- USDCHF H4 Timeframe
- We have broke below the previous trend line
- Possible targets: 0.967593 – 0.964754
- USDCHF D1 Timeframe
- On the daily timeframe, we see that price is in a triangle trend
- As long as price doesn’t break the previous high, then shorts are in order on lower timeframes
- Follow the trend line for some beautiful entries and possible correction levels
- Possible targets: 0.966494 – 0.962473
Cheers to another successful week!
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