As it can be observed from the H8 timeframe chart of USD/CHF, by re-testing the area of the previous Higher High, the price has given us enough confidence that the overall sentiment of this pair remains bullish.
Moreover, a nice descending channel has been formed and the price is currently sitting at the lower barrier of it. The same lower barrier nicely lines up with the area of previous resistance later turned support as indicated on the graph.
Based on the confluences mentioned above, we are pretty positive that the price will keep pumping to the upside and reach the target indicated on the graph.
Moreover, a nice descending channel has been formed and the price is currently sitting at the lower barrier of it. The same lower barrier nicely lines up with the area of previous resistance later turned support as indicated on the graph.
Based on the confluences mentioned above, we are pretty positive that the price will keep pumping to the upside and reach the target indicated on the graph.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.