The NZD/CHF currency pair has recently transitioned into a bullish market phase. We are considering a long position contingent upon a retracement to our buy limit order set at 0.53207. However, it is essential to approach this trade with caution, as the market may exhibit sharp bearish swings despite the overall bullish confirmation. Key Levels: Entry Point:...
Following a breakout observed on the USD/CHF pair, indicative of a pronounced bullish trajectory, it is advised to establish a take-profit target at the level of 0.90188.
Based on the analysis of the 2-day M-Pattern formation, it suggests a balanced contention between bulls and bears in determining the market direction for this particular pair. With the confirmation of an ascending trendline and a subsequent breakout, it is evident that bullish sentiment has gained prominence. However, it's crucial to exercise caution due to the...
USOIL has currently reacted to the ascending trendline. A breakout would trigger a bullish market for OIL, and the next target would hit next Daily / Weekly resistance. Dont forget to like and subscribe for more trades.