USDCHF: Channel Down bottomed. Buy opportunity.

USDCHF turned oversold on its 1D technical outlook (RSI = 30.423, MACD = -0.005, ADX = 28.684), hitting the LL bottom of the Channel Down. The 4H RSI has made a Double Bottom and this is technically an ideal level to start buying the pair again. We expect a +2.60% rise like the late January bullish wave that will test the 4H MA200. The trade is long, TP = 0.89900.

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