Snick3rSD

USDCHF - Short from bearish order block ✅

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FX:USDCHF   Dólar Americano/Franco Suíço
Hello traders!
‼️ This is my perspective on USDCHF.

Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective with clear lower lows and lower highs. Now I expect price to make a retracement after taking buy stop liquidity to fill the imbalance higher and then to reject from bearish order block for a short position.

Fundamental analysis: We have news events on USD on Wednesday 12th of April, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA.

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