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Usdchfanalaysis

USDCHF Technical Analysis and trade IdeaThe USDCHF currency pair has recently reached a significant resistance level on the higher time frame, which warrants our attention. In our video, we extensively discuss critical aspects of TA including the prevailing trend, the overall market structure, price action patterns, and the identification of key support and resistance levels. Furthermore, we explore a potential entry point in this context. I'd like to emphasize that the content provided in the video is strictly for educational purposes. It is imperative that viewers refrain from interpreting it as financial advice. Our primary goal is to offer valuable insights to enhance your Forex trading knowledge and skills.
Long
by tradingwithanthony
UsdChf- Bullish short term, bearish medium term. What to do?UsdChf is in a bearish trend for quite some time and recently broke under very important 0.88 zone support. After reaching a low at 0.8550. Here the pair found support and formed a small double bottom which could lead to further gains. In conclusion, in the short term, a rise to test the broken support, now resistance is not out of the question and short-term traders can try to speculate this potential rise. However, if you want to stay on the safe side, a sell in 0.88 zone is a better choice.
by Mihai_Iacob
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