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forextidings
Dec 3, 2020 7:49 AM

Will USD/CHF take a U-turn? Long

USD/CHFOANDA

Description

USD/CHF is collapsing, which may try to recover the loss. Short-term investors can buy nearby the strong support channel for the targets of 0.9000 - 0.9060 - 0.9110.

At present, I don't recommend to sell at this point. Day traders can sell below the support trendline but after consecutive two or three red candles.

I will update the downside scenario while it becomes unstoppable. Currently, my above targets are intact for the positional traders.
Comments
A_Rouhani_1990
hi.
Thank you for your good analysis.good luck
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