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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.92438, 0.92656, 0.92918.

Key Support Levels: 0.92025, 0.91921, 0.91809.

1-Hr Time Frame:

The price on the higher time in in a clear upward movement where a series of higher highs and lows has been posted. Recently, the market made a correction to the highlighted support level where we are expecting now a new bullish impulsive wave to the next key resistance level.

USD/CHF Medium-Term Trend: Bullish

5-Mins Time Frame:

On the lower time frame, the price succeeded to break the bullish flag formation to the upside after finding buyers around the bespoke support. A lower correction could be seen before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 0.92145

TP 1 @ 0.92438

TP 2 @ 0.92656

Stop Loss @ 0.91998

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. Trading idea closed manually

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