USDCHF-Potential counter-trend setup (2 WK BULL ENGULF PATTERNS)

Here's a pair I haven't trade for a very long time, the USDCHF. Price is in a downtrend in the daily. Now price has reached a significant support level + weekly demand zone that has produced two weekly bullish engulfing patterns. We could see a potential burst of price movement to the upside.

If a trend-break occurs, look out for the pullback.

Comentário:

added another order around 0.98700 level.

Comentário:

Price is consolidating above daily demand area. market is in equilibrium at the moment. Order switched to stop order above range. Hopefully could catch the trade at breakout.