bearish area formed on previous R/S level

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Tom Frick
Tom Frick published an idea on USDCHF, H4
4 years ago

1.0213 acted multiple times as resistance and support. Now we have a nice supply level formed and it seems like price is about to continue south from here. We will see. I'm not entering yet, I'll wait and if it retraces a little bit I'll place my order (better RR)

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  • Nico Masil
    Nico Masil4 years ago

    It will not work out - for me such market is not the place to trade

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    • Tom Frick
      Tom Frick4 years ago

      What do you mean? Please elaborate

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    • Nico Masil
      Nico Masil4 years ago

      It looks like a range market

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