USDCHF has been trading in a bearish trend after made a top of 0.9960. The price on 4H time frame has approached to horizontal support. The same zone is confluence of multiple support.
1) Horizontal support
2) Rising support
3) 100SMA and 200SMA
4) 0.50 fib level
The bulls can show strong momentum at this confluence zone.
Manage your trades accordingly.
1) Horizontal support
2) Rising support
3) 100SMA and 200SMA
4) 0.50 fib level
The bulls can show strong momentum at this confluence zone.
Manage your trades accordingly.
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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.
Related publications
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.