A #long trade opportunity recently presented itself on the #dollarswissy (#USDCHF) #trading chart 📈.
This is indicated by the #bullish engulfing candlestick 🕯️ pattern on the 0.85474 horizontal support level.
This indicates a fakeout of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 0.91000 psychological level and possibly testing the strength of the 0.91232 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#majorpair
This is indicated by the #bullish engulfing candlestick 🕯️ pattern on the 0.85474 horizontal support level.
This indicates a fakeout of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 0.91000 psychological level and possibly testing the strength of the 0.91232 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#majorpair
