USD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.92240, 0.92654, 0.93000.
Key Support Levels: 0.91639, 0.91182, 0.91100.
The price on the higher time frame found support around the 0.91182 USD mark by posting higher low. This led to a move higher and we expect a further movement to the upside toward the next key resistance around the 0.92240 USD.
USD/CHF Medium-Term Trend: Bullish
On the lower time frame, the price managed to break the bullish flag formation to the upside with the help of a bullish head and shoulders. A lower correction could be seen to the highlighted zone before a new Impulsive wave toward the target profit.
Buy Limit Order @ 0.91655
TP 1 @ 0.92226
TP 2 @ 0.92654
Stop Loss @ 0.91469
Trade Safely 🙂
Seeing a Bull Pennant starting at the start of Aug, so this looks good for a quick impluse once it starts… hopefully going north to our TP’s ;o). Volume typically spiking at 13:00 UTC, and number of announcements due out in next few hours.
157 pips so far
this hasn’t hit the entry yet for me…although it looks to be a good set up