Price has cleared the bottom of the downward sloping channel for a liquidity hunt before breaking upwards back into the channel.
We have a historical demand zone seen at 0.8830/0.8900.
If price gets supported at this level, we will see a retracement towards 0.9080
USDCHF Long
Entry is valid as long as price is above 0.8830
SL: 0.8755
TP: 0.9080
We have a historical demand zone seen at 0.8830/0.8900.
If price gets supported at this level, we will see a retracement towards 0.9080
USDCHF Long
Entry is valid as long as price is above 0.8830
SL: 0.8755
TP: 0.9080
Comment:
The bullish structure is forming. If the price closes above the demand zone today, we will see 0.8980 next, and 0.9080 thereafter.
Comment:
The first TP level is hit (0.8980).