20th November 2019
Currently, USDCHF is controlled by sentiment. We have been in a daily uptrend. However, we had a break of the daily trendline on 17th October 2019. Price has retested the trendline twice showing that there is a lot of buyers in the market. We have found support at the 0.985 area which is in line with the minor trendline, indicating liquidity grab to further push this currency to the upside. We are now looking to target the previous high as there is a lot of confirmation of buyers in this market. We also have an pattern on the 4HR timeframe. We are targeting a yield of 1%.