USDCHF - Watch for short at top of H4 channel
USDCHF is weak.
Distribution has been ongoing for the past 2 weeks.
However, early next week is not a great time to chase the shorts.
A good way to get into this trade is to wait for a pullback into the upper boundaries of this H4 channel before going short.
That will improve your R:R and psychology tremendously.
Will keep you guys post if it gets close to my desired entry around 0.99.
A successful short entry could lead us towards the significant support zone around 0.9450.
Distribution has been ongoing for the past 2 weeks.
However, early next week is not a great time to chase the shorts.
A good way to get into this trade is to wait for a pullback into the upper boundaries of this H4 channel before going short.
That will improve your R:R and psychology tremendously.
Will keep you guys post if it gets close to my desired entry around 0.99.
A successful short entry could lead us towards the significant support zone around 0.9450.