USDCHF - Change of momentum at channel top
Pair is at the top of a range that goes back 6 months now.
There is a possibility that this could be a minor pullback and that price will continue higher. There is supprt a 0.9840 as well as the daily 8EMA level, which could both act as support, but given the nice rounded top showing power shift from bulls to bears, I think there is a reasonable chance that price could head back to the bottom support level at 0.9555 again, which would provide an excellent R/R. Worth a shot I'd say.
Daily Chart
There is a possibility that this could be a minor pullback and that price will continue higher. There is supprt a 0.9840 as well as the daily 8EMA level, which could both act as support, but given the nice rounded top showing power shift from bulls to bears, I think there is a reasonable chance that price could head back to the bottom support level at 0.9555 again, which would provide an excellent R/R. Worth a shot I'd say.
Daily Chart
Trade closed manually:
Price found support at 0.9800 and continued higher. Looks like a new trend remains intact.
