Breaking News

USD/CHF Potential Upward Movement

USD/CHF Price Long-Term: Bullish

Key Resistance Levels: 0.9372, 0.9510, 0.9600

Key Support Levels: 0.9240, 0.9180, 0.9045

Daily Chart:

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

4-hour Chart:

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.

Signal Idea:

Buy Limit Order @ 0.9240

TP 1 @ 0.9372

TP 2 @ 0.9510

Stop Loss @ 0.9196

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. Thank you bro. Though, have joined your group lately.

Leave a Reply to Umar Muhammed Cancel reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!