Sell high and buy low, and we just witnessed USDCHF rebounding off from a 12-week low.
The rebound could go a little bit higher for 2 good reasons: (1) the price has broken above a previous range and (2) there is sufficient space for another wave of profits to be made.
Since the market has been so uncertain and the dollar has been disappointing again and again, I suggest to just take one wave of appreciation and take as soon as the volume has been used up.
The rebound could go a little bit higher for 2 good reasons: (1) the price has broken above a previous range and (2) there is sufficient space for another wave of profits to be made.
Since the market has been so uncertain and the dollar has been disappointing again and again, I suggest to just take one wave of appreciation and take as soon as the volume has been used up.
Order cancelled
Downwards movement was too strong during the retracement. The price then attempted to break its 12-week low. Long has been omitted in such scenario and a reverse direction trade can be considered at 0.9797.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.