Since May, UsdChf is trading in a range, with a resistance zone above parity and a floor at 0.95.
On Friday the pair reversed strongly from this zone leaving a long-tailed pin bar on our daily chart with its tail beginning at 1.0150.
This can be the signal for bears that a new leg down could follow and a new drop to support.
Confirmation is given by a daily close under 0.99 and as long as 1.0150 is intact, rallies should be sold
On Friday the pair reversed strongly from this zone leaving a long-tailed pin bar on our daily chart with its tail beginning at 1.0150.
This can be the signal for bears that a new leg down could follow and a new drop to support.
Confirmation is given by a daily close under 0.99 and as long as 1.0150 is intact, rallies should be sold
🚀 Elevate your trades with a 20-year market veteran!
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai