USD/CHF Weekly Candle Closed Above Pre Res , Long Setups Valid This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Usdchflong
USD/CHF likely to move UP!Hey tradomaniacs,
looks like USD/CHF is about to move up after the recent volatile spike to the downside which is a stop-loss-fishing move.
Technically we see a correction and finally a breakout above the trendline, while the horizontal support was holding and indicates accumulation.
However, last spike down plus the recent breakout are a great indication for a long.
As always, be carefully in this volatile market, especially ahead the ECB-Event today.
Let`s see what happens! =)
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.92922
TP: 0.93988
SL: 0.92167
Bias: Long
The price pattern of this instrument shows a bullish bias. We are planning a long trade for this reason. Due to fundamental factors, the dollar will get some additional advantage against Euro and some other currencies . For this reason, we anticipate a strong bullish movement from the current price context.
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.92576
TP: 0.93760
SL: 0.91718
Bias: Long
Currently the strength of dollar is rising against its pairing currencies. As a result, the movement of this pair will continue as a part of its organic upward movement. Though there is a chance of equally downward movement due to fundamental aspects but we are more interested in going long .