Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

USDCHF analysis & sell trade explained - 19 June 2024 #forex #trading #fyp #forexsignals

19 Jun 2024 · 1 min

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Vladimir Ribakov breaks down USD/CHF across multiple timeframes, showing a break below a rising trend line on the daily chart and three consecutive lower highs and lows on the 4-hour chart. He recommends selling rallies if key Fibonacci levels hold.

Chapters

Can dollar franc push lower from here? Let's take a look on the chart. On the weekly chart, powerful resistance with many spots and bounce to the downside from the recent touch. Daily chart breaks below the rising trend line all the way to the downside to complete classical bearish trending structure, which is clearly seen on the 4-hour chart. 3 lower highs, lower lows. Bearish price action. I expect to see some pullbacks, and as long as these key Fibonacci levels hold, for me, sell the rallies is the plan. What do you think about dollar franc? Let me know in the comments.