EUR/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.05361, 1.05968, 1.06000.
Key Support Levels: 1.04763, 1.04480, 1.04000.
Daily Time Frame:
The price on the higher time frame found support around the 1.04480 CHF mark where it posted a hammer bar which could lead to a reversal and a move to the upside. Most probably we are in the 1st leg up in a new trend to the upside and we expect a new impulsive wave toward the next key resistance level.
EUR/CHF Medium-Term Trend: Bullish
1-Hr Time Frame:
On the lower time frame, the price is traded inside a bearish channel formation where it posted a double bottom pattern at the bottom of this channel. This expected to move the price to the upside. But before this move a lower correction could be seen.
Buy Limit Order @ 1.04763
TP 1 @ 1.05350
TP 2 @ 1.05968
Stop Loss @ 1.04570
Trade Safely 🙂