USDCHF is touching strong support zone and ready to pump
AS we can see we have two important and strong support zone ahead that it seems that the first one even touched .
and why strong support zone ?
1.dxy and usdchf for example had great amount of rise in previous weeks and it can continue after this needed correction and we are now on 0.5% of Fibonacci
2. 200Ma broke and it would be retest and rise is expected after that .
3. if and if this green cycle that is here break then again we can see continuation to upside from 0.61% of Fibonacci and is mentioned on chart with green rectangle .
Targets:
A. 92.00
B. 93.00
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
and why strong support zone ?
1.dxy and usdchf for example had great amount of rise in previous weeks and it can continue after this needed correction and we are now on 0.5% of Fibonacci
2. 200Ma broke and it would be retest and rise is expected after that .
3. if and if this green cycle that is here break then again we can see continuation to upside from 0.61% of Fibonacci and is mentioned on chart with green rectangle .
Targets:
A. 92.00
B. 93.00
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
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t.me/mmbtchannel
VIP Channels:
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check pinned message in telegram for more information.
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