USDCHF Engulfing Candle & Break of High May Signal Bull Market

Long

U.S. Dollar / Swiss Franc (FX:USDCHF)

FX:USDCHF U.S. Dollar / Swiss Franc

trendanalysis chartpattern priceaction cleancharts fibonacci usdchf engulfingcandle

Suspected change in sentiment from bearish to bullish following consolidation, break of prior high and engulfing candle. Take profit sitting just above 100% Fibonacci extension achieves potential 1:3 RRR.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.