USDCHF Crosses the Trendline and creates a new bottom at the 38% Fibonacci line
So now the uptrend has been broken.
We can consider entering an order
#1 Sell: 0.87816 fibo zone 23.6%
Stop loss: 0.88676
Take profit: 0.85769 at fibo 61.8%
#2 Sell: 0.88186
Stop loss: 0.88186
Take profit: 0.85781 at fibo 61.8%
#3 Sell: 0.88349
SL: 0.88688
TP: 0.85775
#4 Close 1/2...
Gold price on 07/04/2023 is still under downward pressure. in a strong uptrend.
The price just hit the support area at 2000.00
we can wait for buy signal and tp to 2059.00
The main trend is still uptrend.
But maybe the price will return to the support area of 2500.00.
After that, the uptrend will continue to the price area of 28000.00
Watch for more price signals to make decisions.
Wish you a successful and profitable trading.
