Reading the Right Side of the Chart : USDCHF Manipulation Zone
Apabila nampak level yang terlalu jelas, maka besar kemungkinan tempat itu akan menjadi zon yang diperhatikan dan apabila zon itu menjadi tempat perhatian maka banyak "orders" akan duduk disana.
When you see obvious levels, you can bet EVERYONE will see it. When everyone sees it, then there will be A LOT of interest at those zones. When there are a lot of interest, begets liquidity for the market to latch onto.
Price had been trading above Monday's high and currently testing the weekly high. Another zone that big players looking at (too simplistic you might argue but think about it, retail traders and other participants look at the obvious and the ones that make sense to them. Picking a weekly high seems arbitrary I agree but it is what is.
I am currently bearish bias "standby mode" at the moment but I would feel better and comfortable if the price trades higher into one of the two levels I marked on the chart.
Please be wary trading this pair though as it is somewhat correlated with EURUSD and this pair (EURUSD) super duper sensitive with the major risk event tomorrow : ECB Rate Decision. Be careful out there guys.
When you see obvious levels, you can bet EVERYONE will see it. When everyone sees it, then there will be A LOT of interest at those zones. When there are a lot of interest, begets liquidity for the market to latch onto.
Price had been trading above Monday's high and currently testing the weekly high. Another zone that big players looking at (too simplistic you might argue but think about it, retail traders and other participants look at the obvious and the ones that make sense to them. Picking a weekly high seems arbitrary I agree but it is what is.
I am currently bearish bias "standby mode" at the moment but I would feel better and comfortable if the price trades higher into one of the two levels I marked on the chart.
Please be wary trading this pair though as it is somewhat correlated with EURUSD and this pair (EURUSD) super duper sensitive with the major risk event tomorrow : ECB Rate Decision. Be careful out there guys.
