USDCHF outlook
I am not trading USDCHF (I only trade GBPUSD), but I made an outlook of what to expect for the coming weeks.
We confirmed a 30m bos which creates buying interest. Previous structure low is taken out so major liquidity is taken while mitigating from a strong demand. A break on the 1H TF would give more confluence although this has not happened yet.
If price fails to break the 1H structure, a buy order can still be placed due to the fact that m30 is broken, with the intention to rise higher.
Keep in mind that price always does whatever it wants, a liquditity run to the downside (before going up) is still possible as HTF is still bearish for me.
Target: T.b.c. as this can be a swing trade
We confirmed a 30m bos which creates buying interest. Previous structure low is taken out so major liquidity is taken while mitigating from a strong demand. A break on the 1H TF would give more confluence although this has not happened yet.
If price fails to break the 1H structure, a buy order can still be placed due to the fact that m30 is broken, with the intention to rise higher.
Keep in mind that price always does whatever it wants, a liquditity run to the downside (before going up) is still possible as HTF is still bearish for me.
Target: T.b.c. as this can be a swing trade
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