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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9357, 0.9409, 0.9466

Key Support Levels: 0.9253, 0.9198, 0.9163

Daily Time-frame:

The price on the higher time frame was trading in a trading range between 0.9259 and 0.9157 and it has now broken the range to the upside after showing sharp rejection from the lower range. With USD showing strength, this pair is likely to continue a bullish move.

USD/CHF Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price is moving in the major trend’s direction. The price was trading in a consolidation zone after showing a bullish move and now the range has been broken to the upside. A few rejection wicks are seen that also indicate a bullish sign.

Signal Idea:

Buy Market Order @ 0.9313

TP 1 @ 0.9345

TP 2 @ 0.9378

Stop Loss @ 0.9281

Trade Safely 🙂

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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