USDCHF - Price can exit from pennant and fall to $0.9065
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it first declined to support level, which coincided with support area.
After this, CHF rose to $0.9090 level, but soon turned around and in a short time fell back to $0.9015 level.
Price some time traded near this level and later made a strong upward impulse, breaking $0.9090 level and exiting from flat.
Later, price formed pennant pattern, where it first made correction to $0.9090 level and then rose to resistance line of pennant.
But a not long time ago, Swiss Franc fell to support area and now trades close, so I think it can reach resistance line.
Then CHF can bounce down to $0.9065, exiting from pennant and breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Recently price started to trades in flat, where it first declined to support level, which coincided with support area.
After this, CHF rose to $0.9090 level, but soon turned around and in a short time fell back to $0.9015 level.
Price some time traded near this level and later made a strong upward impulse, breaking $0.9090 level and exiting from flat.
Later, price formed pennant pattern, where it first made correction to $0.9090 level and then rose to resistance line of pennant.
But a not long time ago, Swiss Franc fell to support area and now trades close, so I think it can reach resistance line.
Then CHF can bounce down to $0.9065, exiting from pennant and breaking support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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