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Investroy
Sep 12, 2023 5:43 AM

USDC/CHF: bullish moves will most likely continue  Long

USD/CHFOANDA

Description

As it can be inferred from the Weekly-timeframe graph, the price has broken out of the descending trendline that is plotted on the chart that lines up with the previous Lower Low region.

From here, we are expecting for the price to continue moving in the upward destination and, potentially, reaching the upcoming resistance level indicated on the graphic.
Comments
SignalProvider
Agree with the bullish view!
Investroy
@SignalProvider confluence acquired ✅
AJack_FX
This is my suggestion, skip it if you find it uncomfortable, the candle color is too light and matches the background color so I can hardly see it
Investroy
@AJack_FX, Thank you for your suggestion! We will definitely consider it and apply some darker colouring for a better efficiency.
AJack_FX
@Investroy, Great I appreciate your feedback.
TheFxAce
Your long trade idea looks robust. How do you approach your technical analysis so effectively?
Investroy
@TheFxAce In short, it’s simply a MTF approach mixed with our own strategies that we have backtested for the last 3 years
EliteTradingSignals
Cheers bro!
Investroy
KlejdiCuni
Very solid analysis. It looks really interesting in my opinion. Thanks
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