MujkanovicFX
Long

USDCHF Potential Buy, Multiple Confirmations

FX:USDCHF   U.S. Dollar / Swiss Franc
Hi traders, USDCHF shows some buying momentum on the H4 candle, after a break out of the falling short-term channel. The pair is now moving sideways, signalling the selling pressure decreased.

The pair is currently trading near a longer-term rising channel , and failed to break below the 61.8% Fib retracement. This could mean that the underlying uptrend may continue.

Note that on the daily chart , the pair is forming an inversed SHS pattern, with the current uptrend being the right shoulder of the pattern.

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