USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9622, 0.9689, 0.9751
Key Support Levels: 0.9498, 0.9437, 0.9329
The price on the higher time frame has been in an uptrend for the last few months. There was an ascending trendline formation and the price succeeded in breaking a resistance level of 0.9368 and then there was a break and retest of another level 0.9463 before the price continued its momentum.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The pair was consolidating between a range of 0.9529 and 0.9460 before the price broke to the upside. The price has done a retest of the level before continuing the trend.
Buy Stop Order @ 0.9558
TP 1 @ 0.9620
TP 2 @ 0.9682
Stop Loss @ 0.9496
Trade Safely 🙂