USDCHF: Will the trend reverse at strong resistance?
After the formation of the head and shoulders pattern, which ended in February this year, the price showed a strong growth during which a local channel was formed. The channel crosses a strong resistance zone. In this zone, there is a resistance level as well as the line of April 2019. Therefore, now we can expect that after fixing the at-trend support at 0.938, the price will rise to the level of 0.954.
SL - 0.932.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SL - 0.932.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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