Hello everyone,
USDCHF have been moving downward for this past few days, trending on a momentum channel of support and resistance. the pair aims towards 0.7930 as the next trendline support, in respect of the structure.
Possible outline;
Hold on the sell position with target at 0.7930, meanwhile a confirmed reversal above the support would trigger upward rise, eyeing 0.8137 as the next partial resistance.
Lets see how it plays out...
Thanks for reading.
USDCHF have been moving downward for this past few days, trending on a momentum channel of support and resistance. the pair aims towards 0.7930 as the next trendline support, in respect of the structure.
Possible outline;
Hold on the sell position with target at 0.7930, meanwhile a confirmed reversal above the support would trigger upward rise, eyeing 0.8137 as the next partial resistance.
Lets see how it plays out...
Thanks for reading.
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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.
Exención de responsabilidad
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.