The Weekly timeframe chart of USD/CHF clearly shows how the price has been unable to break above the important area of resistance portrayed on the graph. The lower-timeframe graphs at the same time, illustrate how nicely the price has been pushing to the downside.
The 1.002 - 1.004 structure has been penetrated but not re-tested. We don't see how the price can continue dropping without pulling back to this region and correcting the recent impulse. And hence, that is the region we are monitoring for SELL positions. Once the price re-touches the key area of resistance that lines up with the golden Fibonacci level (0.5-0.618), we will be aiming towards entering short positions and going for the 0.98100 area of support as our initial target.
The 1.002 - 1.004 structure has been penetrated but not re-tested. We don't see how the price can continue dropping without pulling back to this region and correcting the recent impulse. And hence, that is the region we are monitoring for SELL positions. Once the price re-touches the key area of resistance that lines up with the golden Fibonacci level (0.5-0.618), we will be aiming towards entering short positions and going for the 0.98100 area of support as our initial target.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.