USDCHF Technical analysis and trade idea (Possible long trades)
Price has been successfully respecting the long term uptrend. Thursday we saw a close below 0.9805 resistance but on Friday we see that price respected the trend line and closed above the resistance. Also we see that price has created a long term triangle pattern.
Trade Idea:
Long Trade
• We can see a little retracement on Monday after that we may see price rallying upward.
Safe to take trades till resistance 0.9908
Short trade
• If in future we see a breakout of the longterm trend line we can easily go for a short
trade till support 0.9714
This trading analysis are only for getting idea about the current market situation.
This is not a signal. These can be used for education purpose only.
Abid Hossain
Trade Idea:
Long Trade
• We can see a little retracement on Monday after that we may see price rallying upward.
Safe to take trades till resistance 0.9908
Short trade
• If in future we see a breakout of the longterm trend line we can easily go for a short
trade till support 0.9714
This trading analysis are only for getting idea about the current market situation.
This is not a signal. These can be used for education purpose only.
Abid Hossain