USDCHF might aim for S1 monthly support shall the ascending trendline break. For this criteria to meet, we need to see the daily candle pierce both the trendline and D EMA in the process. After this what is required is to assess the RR for this trade, if feasible we can enter a SHORT to target the S1 monthly pivot. The S1 Monthly pivot is also present in the same area with another ascending trendline. Due to this, i strongly feel that the price might go down until those level.
Shall there be any updates i will update the entry criteria below in this thread
Shall there be any updates i will update the entry criteria below in this thread
