DeGRAM

USDCHF grow after false breakout

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
In early January, the price bounced off the support line at 0.875 and started to rise.
During the growth, it broke through 0.890 line.
The pair first touched the line and began to fall.
But it quickly corrected and consolidated on the line.
After that, the price broke through the line at 0.889.
But after a slight increase, it rolled back.
After the price moved within the resistance line for a week, it broke through the 0.888 area.
However, I expect that the breakout will be false and the price will return to growth.
The price will come to the resistance zone .
The target is 0.901.


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Comments

I like your charts
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nice view
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DeGRAM Lingrid
@Lingrid, Thank you
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I noticed how the resistance line pushes the price away! Thanks for the quality!
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DeGRAM Solldy
@Solldy, You are welcome
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