USDCHF Ready to Rally
The chart I have presented you is 1H. But, If you will look on the Daily Chart, there is a Bullish Convergence between the high in July and the high in August.
The high in July was created by an impulse of 3 waves, a strong bullish sign, and the subsequent drop was rapid and currently consists of 2 waves.
The drop may not be over yet, but at the 50% retrace, its a good place to start.
Start looking for longs on USDCHF. I would like to see some bullish movement, and new highs on 1H chart created before I start buying dips.
This plan is valid as long as the low at .943 holds. Target is the 0.985- 0.99 zone.
The high in July was created by an impulse of 3 waves, a strong bullish sign, and the subsequent drop was rapid and currently consists of 2 waves.
The drop may not be over yet, but at the 50% retrace, its a good place to start.
Start looking for longs on USDCHF. I would like to see some bullish movement, and new highs on 1H chart created before I start buying dips.
This plan is valid as long as the low at .943 holds. Target is the 0.985- 0.99 zone.
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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.
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.