USDCHF is bounced from 0.90000 mark
Updated
USDCHF
USDCHF is making a big falling wedge pattern which is similar to the
WXYXZ Elliott impulse wave pattern is a indication of the buyers
are gaining some strength to make this pair more bullish
Yesterday the upside resistance trend line was broken and it's currently
in a retest phase which will give as a good risk reward ratio
We can open buy orders at this level and the potential take profit
will be 0.92000 which is a major psychological and it's coordinates
with the upside trend line which is still intact since may
If the major trend line is broken we can expect a longer bullish run towards 0.97000
In H4 chart the price is trading above the 50,100 Exponential moving average and the
next hurdle is a 200 EMA will act as a recent resistance to the bullish run
If the price broken at 0.91500 it's a clear sign of more bullish trend
Please like, subscribe and share your ideas and charts with the community
Disclaimer!
This post does not provide financial advice. It is for educational purposes only
USDCHF is making a big falling wedge pattern which is similar to the
WXYXZ Elliott impulse wave pattern is a indication of the buyers
are gaining some strength to make this pair more bullish
Yesterday the upside resistance trend line was broken and it's currently
in a retest phase which will give as a good risk reward ratio
We can open buy orders at this level and the potential take profit
will be 0.92000 which is a major psychological and it's coordinates
with the upside trend line which is still intact since may
If the major trend line is broken we can expect a longer bullish run towards 0.97000
In H4 chart the price is trading above the 50,100 Exponential moving average and the
next hurdle is a 200 EMA will act as a recent resistance to the bullish run
If the price broken at 0.91500 it's a clear sign of more bullish trend
Please like, subscribe and share your ideas and charts with the community
Disclaimer!
This post does not provide financial advice. It is for educational purposes only
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