USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9510, 0.9575, 0.9641
Key Support Levels: 0.9416, 0.9370, 0.9307
The price on the higher time frame has been forming higher highs and respecting the trendline. The pair attempted to break the resistance level of 0.9368 but faced a rejection. The price then bounced back from the trendline and has broken that level again with good momentum.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The pair has formed an ascending trendline and broken the resistance level of 0.9442 and then did a retest to that level before continuing the momentum.
Buy Stop Order @ 0.9467
TP 1 @ 0.9507
TP 2 @ 0.9547
Stop Loss @ 0.9427
Trade Safely 🙂