Lingrid

USDCHF GROW and will come to RESISTANCE line

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
The price continues to move in a downtrend, which the pair began in 2019. Three important lines correct the price movement as it falls. One line is support from March 2019, and two resistances from December 2019 and March 2020, respectively.

We can see that in the middle of last week the price came to the support line of 0.877, after which it rebounded and began to grow. During the growth, it came to the first resistance line at 0.888 and is now at it.
This resistance line has existed since December 2019, however, during this time, the price has repeatedly broken it both during the growth and during the fall.

So now I am expecting what will rise above this line. After the breakout, it will roll back to consolidate, and then head to the next resistance bar at 0.898. This will be our goal.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
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Comments

BOOM ! This is so bullish market now. Thank you
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Lingrid DaweFXHunter
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Hi Lingrid, I absolutely agree with this! Well done! :)
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Lingrid FXtrades-gp
@FXtrades-gp, hello))
thank you so much)
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Support line is good for the price.

Then the rise will be characteristic.
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Lingrid DeGRAM
@DeGRAM, 👌
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buy with you
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Lingrid TradingAlchemist
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I wish the price breaks the resistance line the first time!
Reply
Lingrid Solldy
@Solldy, 😉
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