#011 USDCHF ANALYSIS FOR NEXT WEEK
Price Action.
USDCHF has climbing for several week after making Low at 0.9451 and it has reach new High at 1.0090 which is 549pips movement. We also can see after that level has reached after bullish engulfing have formed at Weekly basic.
Market Movement Forecast.
Daily and H4 timeframes Review.
Last week, price has reach Daily resistance level and USDCHF was closing at 1.0051. Candlestick on Friday 2018.11.09 has formed new CRS which is Pinbar when Price in Uptrend movement.
This was crucial hint about trend changing to downtrend on this pairs. This hint also support by Bearish Engulfing at Week before and also at present time at H4 timeframes.
Keypoint : 1.0030
Breakout - Strong bearish movement to 1.0000.
Rejected - Will retest 1.0100. Breakout this level, price movement can continue on making new high.
Trading Strategy
Strong sell. Awaiting for good confirmation to enter trade with minimal stoploss.
Stoploss : 1.0110
Take Profit 1: 0.9920
Take Profit 2: 0.9870
Take Profit 3: 0.9580
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