USDCHF Bearish drop | Forex Factory

  • USDCHF Bearish drop

    From tickmill.com

    Bearish Reversal Key Levels: Resistance: 0.92784 Pivot: 0.92661 Support: 0.92374 Preferred Case: Price broke out the ascending trendline support (now resistance). We can expect price to drop from Pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 38.2% Fibonacci retracement. Alternative Scenario: Alternatively, price could push further up towards 1st Resistance in line with 38.2% Fibonacci retracement.

Comment Options
traderathome
Nov 19, 2021 4:59am
Permalink
At this time there is a drop of one manner or another across the xxxCHF board. Bearish or Bullish? We cannot know how the MMs will move price next, however........quick moves tend to be instruments of the MMs, getting price to where SM has loaded them up with orders to fill. So, in these cases......"Buy low, sell high."....? Time will soon tell.

Reply
nbfx
Nov 19, 2021 4:22am
Permalink
Again - Tickmill are a broker and have a vested interest in publishing stories like this!
Reply
Vijen
Nov 19, 2021 4:14am
Permalink
Nonsense, hardly a fall it’s bullish for months to come. GBPCHF had bearish drop YES!
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats