USDCHF
USDCHF closed @ 9750 which was ABOVE the open and was within prior day’s trading range. The High was 10 pips from Precise Trader’s Res Zone 1 and the Low was PRECISELY at Precise Trader’s Sup Tgt 1.
The Hourly Oscillators are Bearish but Weak and the Price is Within the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Sideways Down while 9870 holds and Daily Trend is Turning Down while 9975 holds, so expect the Price to be Choppy with a potential to Break Lower.
The Daily Closed mildly above the Open but pulled away from the low and within Range. The Patterns are suggesting a range trading with a potential to breakout soon. The Hourly looks like it has topped and the Bears must protect the 9795/9810 levels at all times to support the Bearish view.
The 15min is suggesting that the upside may be limited and we may see the Bears regain. The Opening Price Principle suggests that the Bears must protect 9770-95 levels, so trade with the PT strategy when the Price breaks out of Zone 2 levels.
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