Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
Inside from rising channel price bounced from resistance level and fell to support line.
Then Swiss Franc made upward impulse to resistance area, thereby breaking resistance level, and exited from channel.
Next, price bounced down of resistance area, which coincided with $0.9060 level and declined to past level.
Also, price entered to pennant, where it rose higher of resistance area and level.
After this Swiss Franc made correction to support line, but recently backed up and now trades close to resistance line.
In my mind, price can bounce down of this line and fall to $0.9020, thereby breaking support level and exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Inside from rising channel price bounced from resistance level and fell to support line.
Then Swiss Franc made upward impulse to resistance area, thereby breaking resistance level, and exited from channel.
Next, price bounced down of resistance area, which coincided with $0.9060 level and declined to past level.
Also, price entered to pennant, where it rose higher of resistance area and level.
After this Swiss Franc made correction to support line, but recently backed up and now trades close to resistance line.
In my mind, price can bounce down of this line and fall to $0.9020, thereby breaking support level and exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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