Monday, May 23, 2022
STRONG BEARISH SIGNAL ON THE USDCHF
The rally on the usdchf has been exhausted. It is time to sell the rallies on the usdchf. The current inverted pin bar on the monthly time frame, is evident of the overtaking by the bears.
So get ready to take a smooth swing trade to go short on the usdchf. The best way is to wait for a retracement above the ma on the 4 hr timeframe, with a confluence of a doji on the 15 minutes timeframe. That will give you a perfect entry.
So placing a sell limit order would do the trick. And don't forget to put your stop loss and take profit.
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