USD/CHF: bulls are launching an attack

USD/CHF: bulls are launching an attack

Recommendation:

BUY 0.9410

SL 0.9355

TP1 0.9510 TP2 0.9590

On the daily chart of USD/CHF, bulls are trying to counterattack and trigger the “Shark” pattern. Its 88.6% target is near 0.9775. As there’s a distinct downtrend, we doubt in the pair’s ability to rise to this level, though everything is possible.

CHF1.png 

On H1, if USD/CHF exits the downtrend channel and breaks above resistance at 0.9410 with the following activation of the “Shark” pattern, the odds of advance to 0.9590 will increase.

CHF2.png

 

 

chf

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