USD/CHF Price Long-Term: Bullish
Key Resistance Levels: 0.9372, 0.9510, 0.9600
Key Support Levels: 0.9240, 0.9180, 0.9045
The pair is in a clear upward movement where the price is trading within a bullish ascending channel on the daily time frame. The price posted a lower correction toward the daily support @ 0.9240 USD level. Let’s move to a lower time frame to see if there an opportunity of execution.
USD/CHF Medium-Term Trend: Bullish
On the 4-hr time frame, the price is trading within a wedge formation where we expect the sellers will manage to push the price to the downside toward the lower end of the wedge and this might lead to a move upward toward the 0.9372 USD mark.
Buy Limit Order @ 0.9240
TP 1 @ 0.9372
TP 2 @ 0.9510
Stop Loss @ 0.9196
Trade Safely 🙂