USDCHF - Short continuation

Zaktualizowano
After a long downtrend leg the price started to correct.
Now the price is in a important zone:
  1. Retraction of FIBO
  2. Previous support now is a resistence
  3. Weekly time frame in a bear market (confirming the downtrend)
  4. Previous candle closed with a long tail
  5. Price is between MM20 and MM50 pointed to downwards


Considering all the conditional above there is a high possibility of a continuation of bear market

Waiting for a bear candle breaking the previous lowest

Uwaga
The price hits MM50, the idea still the same!
Next candle can show us a continuation of a downtrend or long leg even stronger.

Let's wait!
FibonacciMoving AveragesSupply and Demand

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