USDCHF at bottom of rising channel
USDCHF could be set to have it's first positive day since 21st December as it sits within the lower boundary of a rising channel.
We also have a recent supply zone directly below the channel boundary offering additional support.
This looks like a potentially high risk reward trading opportunity, market structure is bullish and we have seen a strong serious of higher lows - I don't expect structure to break here so a bounce before the bottom of the supply is my expectation.
This is not financial advice, you are responsible for your own trading decisions.
*** PLEASE LEAVE A LIKE AND FOLLOW TO SHOW YOUR SUPPORT ***
Any questions or comments I'd be happy to discuss below.
We also have a recent supply zone directly below the channel boundary offering additional support.
This looks like a potentially high risk reward trading opportunity, market structure is bullish and we have seen a strong serious of higher lows - I don't expect structure to break here so a bounce before the bottom of the supply is my expectation.
This is not financial advice, you are responsible for your own trading decisions.
*** PLEASE LEAVE A LIKE AND FOLLOW TO SHOW YOUR SUPPORT ***
Any questions or comments I'd be happy to discuss below.
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