alexp

Reversal confirmed for swiss franc

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
0
A major trend reversal has been just confirmed for swiss franc in its first attempt to form complete a bull bar above EMA 20. If it triggers above 0.9387 - it should pick up some bear stops and move towards major resistance near 0.9412 area. As we have a possible major reversal in action, the resistance is likely to be broken and the move up will continue. The target is 1.5 of risk which is just below the today's daily bar.
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.