USD CHF Could Push straight through the support zone!
Giant Red Candles is evidence that price could shoot straight through the support zone. We like to see the candles getting smaller and smaller as support nears when we look for possible reversal trades. This is clearly not the case on this pair as price is not slowing down anytime soon!
My Opinion is that price on the daily chart will go straight through support! Price could have minor pullbacks on hour 4 , but im not talking about hour 4 , Im talking about the daily chart only!
My Opinion is that price on the daily chart will go straight through support! Price could have minor pullbacks on hour 4 , but im not talking about hour 4 , Im talking about the daily chart only!
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So you can wait for a pullback and then sell... or trade however you like
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it pushed through :)