Usdchfsell
USDCHF approaching support, potential for a bounce!USDCHF is approaching its 1st support at 0.97899 where it could potentially bounce to its resistance at 1st resistance at 0.98644.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF TO PUSH LOWER As previously highlighted, we saw a potential bearish move on this pair. During the past week, USDCHF began to push lower and it is currently at a point of support where we may see price retrace to gain some momentum before prices continues to to push lower to our TP and to another strong point of support which is at the trendline.
Entry - Grey line
Stop loss- Red line
Green line- Take profit
Risk exposure - 1%
USDCHF, WILL THE BEARS RUN?Hello traders, today we bring you an analysis of the USDCHF, we are expecting a drop, however we do not have the needed requirements to open a position yet.
We recommend you to wait for a break of the trendline or a touch in our resistance level followed by a reversal candle (closure), you can also look for entrys at the 15MIN and 1H timeframe!
Best of lucks,
GlobalYouthTrading