If you look up my previous USDCHF analysis you'll realize that price has been moving as anticipated. I am back with yet another analysis to illustrate my trading idea.
It has come to my attention that USDCHF has been moving in a descending from the 0.93000 region to the 0.90300 region, which seemingly appears to be a major support area, illustrated by a young double bottom pattern on the H4.
I expect price to break out to the upside from the 0.91000 region with a short term target at 0.91565 and a stop at 0.90550
N.B. This is not financial advice or a trading a signal. Further individual analysis advised.
It has come to my attention that USDCHF has been moving in a descending from the 0.93000 region to the 0.90300 region, which seemingly appears to be a major support area, illustrated by a young double bottom pattern on the H4.
I expect price to break out to the upside from the 0.91000 region with a short term target at 0.91565 and a stop at 0.90550
N.B. This is not financial advice or a trading a signal. Further individual analysis advised.