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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9875, 0.9929, 0.9996

Key Support Levels: 0.9758, 0.9723, 0.9668

Daily Chart:

The price on the higher time frame has been in an uptrend since few weeks after it broke a major resistance level of 0.9359 with good momentum. The price has retraced twice to the 0.9537 level and bounced back both times which indicates a bullish bias.

USD/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The broke a resistance level of 0.9723 and sustained above that. The pair has maintained a trendline which indicates bullish trend and also broken and retested the 0.9758 level.

Signal Idea:

Buy Stop Order @ 0.9805

TP 1 @ 0.9867

TP 2 @ 0.9991

Stop Loss @ 0.9743

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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