USDCHF - On hourly chart it's trading close to the strong support zone, I am expecting a bounce back in the price from here.
My approach will be a BUY here at current price 0.91667
Maintain stop loss around 0.91320
Potential upside move 0.92200
Follow the levels as mentioned.
Traders, if you liked this idea hit the like button & write in the comment section....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Resistance is shown at 107.929 . It would be ideal for the bears to hold the pair below this level. I still firmly believe this pair will be heading to eventual level of 99.719.
Stay tuned.
Possible formations of both a Gartley and cypher pattern on the daily GBPUSD pair.
For me there are no fundamentals that make me prefer one currency over the other, so these harmonic swing moves are realistic.
