Osei-Wusu
Long

TIME TO GO LONG ON THE USDCHF

FX:USDCHF   U.S. Dollar / Swiss Franc
HELLO GUYS , THIS IS MY ANALYSIS ON THE USDCHF . USING FUNDAMENTAL ANALYSIS ON THE DAILY CANDLE, ANYTIME A BIGGER BULLISH CANDLE OCCURS IN A DOWNTREND, IT INDICATES A REVERSAL. CHECK OUT 9TH OF MARCH, 30TH OF MARCH, 15TH OF APRIL, 4TH OF MAY, SO ON AND SO FORTH. THE LATEST BULLISH CANDLE TO FORM WAS ON THE FRIDAY AND TODAY CANDLE FORMING INDICATES A NEW BULLISH TREND MIGHT OCCUR. ALSO USING TECHNICAL ANALYSIS , A BULLISH ENGULFING CANDLE HAS BEEN FORMED ON MY DIAGONAL SUPPORT LEVEL . CHECK THE SHORTER TIME FRAME, YOU WILL SEE THAT THE TREND MOVES IN CHANNELS,DRAW YOUR HORIZONTAL SUPPORT AND RESISTANCE LEVELS AND USE THEM AS YOUR ENTRY POINT. HOPE THIS HELPS. THANKS

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