FullTimeTrader

USDCHF-another bounce from 0.9500?

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
4
I've been succesfully longing this pair at this level.

Doing a top down analysis at W1 chart we see the price is respecting the main pivot point and strong support:

On D1 chart we have the first convergence, this level usually is reached after a pullback.

Here on H4 chart we have a potential bullish bat and a tripple bottom. I will try to enter as close as 0.9500 to have a better R/R ratio.

Regards


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.