USDCHF on 4H timeframe has tested the crossing of descending violet trendline from 11.Aug high and ascending yellow line from 18.Jun low.
Rebound from the mentioned level indicates possible mid-term long trade targeting 0.9970-1.0000. First target is set below Dec'15 low at 0.9770.
Entry point is exacted with intraday trendline on 15M timeframe. Stop-loss set at 0.9620.
Rebound from the mentioned level indicates possible mid-term long trade targeting 0.9970-1.0000. First target is set below Dec'15 low at 0.9770.
Entry point is exacted with intraday trendline on 15M timeframe. Stop-loss set at 0.9620.
Trade active:
First target 0.9770 reached this morning.