USD/CHF Breaking the Support Zone
Good morning traders! Today we bring you a short-term analysis on USD/CHF, as it is breaking a key support zone.
🔸As we can see, the price made a clean break of the bullish channel.
🔸Since then, the bearish movement has not slowed down, and recently penetrated the bearish support zone.
🔸At this moment we see that it is making a pullback to the area. We must be careful with the strength of the candle, since we see that it is an interesting reversal candle.
🔸What we consider safe is to wait for a rejection in the zone with a clear price action before making the decision of a bearish trade.
🔸In case it happens, the target of the movement is the long-term Ascending Trendline.
🔸As we can see, the price made a clean break of the bullish channel.
🔸Since then, the bearish movement has not slowed down, and recently penetrated the bearish support zone.
🔸At this moment we see that it is making a pullback to the area. We must be careful with the strength of the candle, since we see that it is an interesting reversal candle.
🔸What we consider safe is to wait for a rejection in the zone with a clear price action before making the decision of a bearish trade.
🔸In case it happens, the target of the movement is the long-term Ascending Trendline.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.