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usamaabrar22
Jan 10, 2023 5:32 PM

USDCHF LONG Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF has been in Bearish trend from a couple of days and now hints a Bullish reversal. There are more than one signs of Bullish reversal including:
  • Bullish Bat on W chart
  • Bullish Bat on W chart
  • Bullish Flag
  • Divergence on MACD and RSI
  • Aggressive Red candles in the first half of NOV need an answer
  • Respect of 0.236 Fib channel Trendline on Lows


If you are looking for perfect Entry points, here are few tips:
1) Morning Doji and Inverted Hammer is often seen at the end of Bearish trend. Wait for any of these Candlestick patterns.
2) Whenever it forms a bullish trend, majority or almost all of the successive candles are green on 1d timeframe till the Trend lasts.

This is what my analysis says, Let's see.

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