USDCHF Downward Channel, April 20, 2017, LONG & SHORT
Observation:
Price moves and forms a downward channel.
Price bounce in the middle of the downward channel.
Analysis:
Price may bounce until Dynamic Resistance then drop down at the Dynamic Support.
Conclusion:
If reached target at long and price respect Dynamic Resistance, then place short.
Price moves and forms a downward channel.
Price bounce in the middle of the downward channel.
Analysis:
Price may bounce until Dynamic Resistance then drop down at the Dynamic Support.
Conclusion:
If reached target at long and price respect Dynamic Resistance, then place short.