Bullish USDCHF long following the US dollar
Updated
USDCHF above key support in the demand zone. Broke short term down trend and is holding short term long trend on the daily. Will need to break up out of the triangle on the weekly chart to break major long trend. This will signify a longer trend to the upside towards the daily supply zone. We can see a inverted head and shoulders pattern that will need to complete and then possibly break neckline. These zones and targets are based off of fibs, fib ext, trend analysis, and price action.
Please let me know your thoughts below
Please let me know your thoughts below
Trade closed: target reached
Target Reached and Exceeded. Congrats on the traders that made money on this setup.
Brendan Hill
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