[Market Breakdown 1] USDCHF Monthly
Last pair of Market Breakdown 1 is USDCHF.
On the Monthly i can see a very big Supply & Demand zone where the price is sitting at the moment.
It's holding as support since September 2011.
Most likely it will act as support again as it's a pretty strong zone.
Also we have a Fib completion, this could be also an indication for a switch of momentum.
In trading you don't have a lot of certainties, you always want to anticipate on the situation.
A short set-up is of course also possible if we break very very impulsive and we retest with corrective nature.
On the Monthly i can see a very big Supply & Demand zone where the price is sitting at the moment.
It's holding as support since September 2011.
Most likely it will act as support again as it's a pretty strong zone.
Also we have a Fib completion, this could be also an indication for a switch of momentum.
In trading you don't have a lot of certainties, you always want to anticipate on the situation.
A short set-up is of course also possible if we break very very impulsive and we retest with corrective nature.