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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.77022, 0.77393, 0.77706

Key Support Levels: 0.76379, 0.76048, 0.75802

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 0.76379 and bounced back. The pair has broken another resistance level, which suggests further trend continuation.

USD/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a resistance level of 0.76977 recently to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 0.76628 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 0.76658

TP @ 0.76999

Stop Loss @ 0.76318

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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