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USDCHF Analysis: Potential Range Trading Pattern[

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USDCHF Analysis: Potential Range Trading Pattern

The USDCHF currency pair appears to be forming a significant range trading pattern between 0.8965 and 0.9200, approximately 235 pips.

After finding strong support at 0.8965, the price is on the rise again. Notable resistance zones are expected around 0.9045, 0.9080, and 0.9135.

However, this time you have to be careful.
If the price drops below 0.8965, a larger bearish wave may commence. Therefore, it is crucial to trade with a stop loss and consider this bearish scenario in your trading strategy.

You may find more details in the chart!
Thank you and Good Luck!

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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
노트
스냅샷

USDCHF already reached 0.9033 and the odds are that it should rise more.
액티브 트레이드
스냅샷
노트
Near to the first target 0.9041
노트
스냅샷

USDCHF: Target 1 reached

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