USDCHF | Perspective for the new week | follow- up detail

מעודכן
The momentum drive on the USDCF has been bullish since the beginning of the year and the breakout of the bearish trendline on the daily timeframe coupled with the appearance of a double top look-a-like structure during the latter part of last week's trade session could be a signal of a reversal phase evolving. However, I still hold a strong bullish bias on this pair and the proposed retracement move could be an attempt to retest the structure broken at the 0.95700 area

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Past performance is not necessarily indicative of future results.
הערה
The direction participants in this market are tending toward is still looking bullish at this point. Let's see if a breakout/retest of the 0.98350 level will happen to join the potential rally. However, a breakdown/retest of the bullish trendline will incite selling opportunities.

תמונת-בזק

Good morning
עסקה פעילה
A breakdown of the bullish trendline has happened

תמונת-בזק
עסקה פעילה
Running in profit as price is below the key level at 0.98000. Moving stop to break even

תמונת-בזק

Good morning
עסקה פעילה
Break-even and re-entry triggered. With 19pips running in profit, I am moving my stop to break even to protect my position.

תמונת-בזק

Good morning
עסקה פעילה
Price appears to be doing a retest of the bullish trendline that was broken to the downside yesterday. So, are we going to see a reversal pattern under this line to incite a downtrend (below 0.98350 for selling opportunity) or is there going to be an outright breakout of the line where a retest will establish a bullish setup?

תמונת-בזק
עסקה פעילה
We finally witness a retest of the bullish trendline to give a bearish signal from a technical standpoint.

תמונת-בזק

Good morning
עסקה פעילה
Moving my stop-loss to protect my position

תמונת-בזק
עסקה פעילה
Still running as expected; locking in some profit

תמונת-בזק

Good morning
עסקה סגורה: היעד הושג
TP taken with a total of 225pips profit (double entry)

תמונת-בזק
necklinetraderpriceactionreversalpatternTrend AnalysistrendcontinuationpatternUSDCHFusdchfanalysisusdchfshortusdchfsignals

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