USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.9237, 0.9296, 0.9300
Key Support Levels: 0.9142, 0.9094, 0.9050
The price on the higher time frame is in a clear uptrend where it managed to break the daily resistances. Recently, it posted a correction count after facing a strong resistance around the 0.9237 USD mark. We believe that the correction is ended and its time for a new impulse to the upside.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame the price managed to break the bullish flag to the upside. We expect a correction count to the highlighted zone before a rally to the upside toward the mentioned target profit below.
Buy Limit Order @ 0.9175
TP 1 @ 0.9228
TP 2 @ 0.9237
Stop Loss @ 0.9149
Trade Safely 🙂