USDCHF: channel breakdown and reversal in a bullish trend
Having broken the resistance line at 0.936 in early April, the price left the growing channel and began to fall in a downtrend. The fall stopped at the support zone of 0.904, where the channel's trend line and the support level are located close. Now we can expect a rebound in the price from the support zone and the beginning of a new rise to the resistance level of 0.922
Remember, there is no place for luck in trading - only strategy!
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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