USDCHF - Wait For The Impulse πŸ“ˆ

FX:USDCHF   U.S. Dollar / Swiss Franc
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

πŸ“ˆ USDCHF has been overall bullish, trading within the rising channel in blue.

Currently, USDCHF is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support.

Moreover, it is retesting a strong support zone at 0.87 marked in green.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.

πŸ“š As per my trading style:
As #USDCHF is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL

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