USDCHF Buy potential in H1 and H4
Divergence formed with RSI in H1 chart
Pin bar formed at key level 38.2% fibonacci
Price rejected at 38.2% fibo level
MA 8 and 21 was being tested and bounce back upwards.
Price broke out of the previous supply zone (blue rectangle) and now turned a demand (support) zone
Eventually price went back and test the supply / demand zone but fail and now bounce back upwards from the previous supply zone.
Aiming at the next daily resistance 1.00325 ! Let's see !
Pin bar formed at key level 38.2% fibonacci
Price rejected at 38.2% fibo level
MA 8 and 21 was being tested and bounce back upwards.
Price broke out of the previous supply zone (blue rectangle) and now turned a demand (support) zone
Eventually price went back and test the supply / demand zone but fail and now bounce back upwards from the previous supply zone.
Aiming at the next daily resistance 1.00325 ! Let's see !
Trade active
Still holding this trade, A profit of maximum + 30 pips on this pair.Close at your own phase. For me, I'll let my analysis tell me right or wrong1 :P
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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.