Hello hello,
I like how this pair looks. It's keeping its bullish momentum. As I look at the chart, .92500 is a weekly resistance. It has wicked to that area multiple times, therefore, I am looking for a break past that area eventually. This pair will take time as it moves slow. Overall longterm, USDCHF could make it to .94000 to return to retest that weekly CHOCH area. If you have the patience, this could be a possibility.
However, at this moment it broke out of its 2HR OB/Consolidation area, and retraced a little bit to retest . My next target is that resistance at .92500.
Lets see what this pair will give us🤞Take your profits along the way. There will be many opportunities if this can continue.
I like how this pair looks. It's keeping its bullish momentum. As I look at the chart, .92500 is a weekly resistance. It has wicked to that area multiple times, therefore, I am looking for a break past that area eventually. This pair will take time as it moves slow. Overall longterm, USDCHF could make it to .94000 to return to retest that weekly CHOCH area. If you have the patience, this could be a possibility.
However, at this moment it broke out of its 2HR OB/Consolidation area, and retraced a little bit to retest . My next target is that resistance at .92500.
Lets see what this pair will give us🤞Take your profits along the way. There will be many opportunities if this can continue.
Trade active
Price is still respecting the trend, and is now in consolidation on the 15M. However, price could still have potential to break .92000 area. I'm staying patience, but If price comes back to .91500 and makes a HL, or breaks the trend, I will be out of this trade and wait for a bigger retracement.
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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.