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Ometrading
Nov 10, 2018 6:39 PM

USDCHF idea 

U.S. Dollar/Swiss FrancFXCM

Description

Good afternon,

After a while, I bring this CHF analyisis:

This pair show us a bullish scenario the last weeks. After a possible rejection of 1.00 resistance level, price is showing reticence of a trend change( on 4H frame).

I expect one of this 2 scenarios:
. Green: Price rejects MA50 on 4H(also 1H) and breaks the corrective structure with a new bullish wave.
. Red: Price can't hold 1.00 and breakout the level. Then, if MA200 is broken, we could see a new bearish scenario.

Thank you for your attention.

Don't forget to check my youtube channel for more content:[url= youtube.com/channel/UCSRYFFhSBpJXqGOdI26lkxw] youtube.com/channel/UCSRYFFhSBpJXqGOdI26lkxw

Comment

First step of bullish impulse has done.
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