As the price stays above the bearish trendline I'm bullish until the price Goes below the red dotted line.
What is your plan for gold this week comment 👇
👉I like the structure I see on the JPY pairs in the high time frame. The price has been moving within a weekly channel, and it is now approaching a bullish trend. If the price breaks strong on a bullish trend and then falls below it, I will look for a potential sell setup.
#USDCHF (09MAY2025)
📉At High timeflame, the market was growing in a downtrend
🏄♂️ Current price reaching the monthly support after price retest the level would be a potential downtrend continuation...
👍The market has good potential now, do not miss it!
👉Sometimes, the best trading insights come from higher timeframes. Stepping back helps reveal the bigger picture, major trends, and clearer market structures.
⭐️ Identify the direction of the trend on the upper timeframes so you can trade with the trend!
💭What do you think ?