USDCHF on 4H timeframe has tested the crossing of descending violet trendline from 11.Aug high and ascending yellow line from 18.Jun low.
Rebound from the mentioned level indicates possible mid-term long trade targeting 0.9970-1.0000. First target is set below Dec'15 low at 0.9770.
Entry point is exacted with intraday trendline on 15M timeframe. Stop-loss set at 0.9620.
Rebound from the mentioned level indicates possible mid-term long trade targeting 0.9970-1.0000. First target is set below Dec'15 low at 0.9770.
Entry point is exacted with intraday trendline on 15M timeframe. Stop-loss set at 0.9620.
Trade active
First target 0.9770 reached this morning.
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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.