✏️USDCHF in the medium term is still in an uptrend. After a retest wave of Fibonacci 0.5 some buying pressure was present in the European session today with the confirmation of the H4 candle Full bullish force. The reaction at Fibonacci is also the support zone for break out in the past. This is considered an important point in the structure of the bullish wave. The BUY point is triggered with the expectation that USDCHF will break the peak of last week and head towards higher levels.
📉 Key Levels
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📉 Key Levels
- BUY now 0.80800 (confirmation of candle at the support zone)
- BUY DCA trigger Break the peak 0.816
- Target 0.830
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Trade active
The market is going against analysis.Trade closed: target reached
Let's see if the buying power is enough for the pair to uptrend.
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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.