USDCHF, safe and sound in week 1
USDCHF did not move as much as the others, not as spectacular, but, its a safe pair to trade. In week 1, it broke its level 3 and successfully went into bullish level 1. Its a profitable pair, it did not move as much as EURUSD and GBPUSD, but it is going to make your account stay positive.
Week 1, 2019, sees the successful completion of a W reversal pattern, also known as a double bottom. It went into a bullish level 1, and it stayed there till the week closes. Within the zone, we see lots of long tail at bottom of many candles which hints on good market demand to go long at the level. So for the coming week, we can play safe by going long with USDCHF.
I hope week 2, 2019 will continue to be a profitable week for you traders!
If you have any thoughts on USDCHF's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Week 1, 2019, sees the successful completion of a W reversal pattern, also known as a double bottom. It went into a bullish level 1, and it stayed there till the week closes. Within the zone, we see lots of long tail at bottom of many candles which hints on good market demand to go long at the level. So for the coming week, we can play safe by going long with USDCHF.
I hope week 2, 2019 will continue to be a profitable week for you traders!
If you have any thoughts on USDCHF's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
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