USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9399, 0.9460, 0.9526
Key Support Levels: 0.9316, 0.9264, 0.9193
The price on the higher time frame has been showing a bullish momentum for a few weeks. The pair formed higher lows and proceeded to break the resistance area of 0.9337. We expect further momentum in the trend once the price sustains above this zone.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the price is moving in the major trend direction. The pair has shown rejection from the downside and formed a trendline. We can see the price has broken and retested the 0.9337 level, we expect bullish momentum.
Buy Stop Order @ 0.9355
TP 1 @ 0.9394
TP 2 @ 0.9433
Stop Loss @ 0.9316
Trade Safely 🙂