eltongg

USDCHF Multi timeframe price action analysis

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FPMARKETS:USDCHF   美元/瑞郎
Higher Time Frame : 1D Bullish

We are still on an uptrend on the daily timeframe but it looks like we need to sweep some liquidity before attempting to go even higher.


Mid Time Frame : 4H Bearish

We are now testing the bearish 1 hour orderblock
Price has rejected very beautifully on the lower time frame (5m/15m chart) , a displacement candle was formed causing a market structure shift/change of character.

We can enter a short position from here , targeting the 2 points of liquidity needed to head toward the upside, there's a high chance we're going to fill the inbalance on the 4h FVG as there's a 4H OB formed as well.
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