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.

Join our Telegram channel to get updates on this setup:
Let's trade and discuss markets in our Telegram channel! ->
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out