USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.93236, 0.93763, 0.94169.

Key Support Levels: 0.92572, 0.92215, 0.91972.

Daily Time Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern. A reversal occurred and the price is about to move higher again in the same direction of the main trend.

USD/CHF Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 0.92707

Target Profit 1 @ 0.93236

Target Profit 2 @ 0.93763

Stop Loss @ 0.92178

Trade Safely 🙂