In the USDCHF analysis, I considered two scenarios
1. If this specified range (golden zone) is broken, I will enter the BUY position after the pullback and I can say that the W pattern has been created and a good rise is expected for the USD against the Swiss Franc.
2. If the GOLDEN ZONE is a very strong resistance and causes the price to move down, and we will see the fall of the US dollar against the Swiss franc again.
1. If this specified range (golden zone) is broken, I will enter the BUY position after the pullback and I can say that the W pattern has been created and a good rise is expected for the USD against the Swiss Franc.
2. If the GOLDEN ZONE is a very strong resistance and causes the price to move down, and we will see the fall of the US dollar against the Swiss franc again.
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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.