USDCHF – Purple War Zone!USDCHF is overall bullish trading inside the brown and orange channels

USDCHF – Purple War Zone!USDCHF is overall bullish trading inside the brown and orange channels


As per my trading style/plan;

Here are the two strong zones where I will be looking for high probability setups:

I call them War Zones, (highlighted in Purple circles)

Zone 1: (around 0.95)

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and the upper brown/orange trendlines . (acting as non-horizontal resistance)

Zone 2: (around 0.925)

This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower orange trendline. (acting as non-horizontal support)


As per my trading style:

As USDCHF approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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