I like your chart. clear. pretty. makes good sense
ICmarkets
⋅
Nice idea on USDCHF and there may be bullish potential as you have identified. The 1st support that we have identified is at 0.9859. It is a horizontal overlap support with 61.8% Fibonacci extension and 23.6% Fibonacci retracement. Stochastic is approaching its support at 1.6% where a corresponding rise could occur. If a bounce does occur, we may take a closer look at the 0.9947 resistance. It is a horizontal swing high resistance. Looking forward to see how things develop.
Please have a look at our idea and share with us what you think.
I was looking at that shooting star on the day chart as a sign that the chf was about to return to its former glory. Also a shooting star of sorts on the eurchf chart.