Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines
USD/CHF: bulls are preparing for breakout
On the USD/CHF chart, there is a consolidation in the range of 0.9915-0.9975. A break of its upper or lower borders does not guarantee a restoration of the trend. The resistance is located near parity level. For the continuation of the rally and the implementation of the targets of the "Wolf Waves" and the "Shark" patterns, the bulls need to test the following resistance.
On the USD/CHF hourly chart, the expanding wedge is in the process of formation. A necessary condition for its implementation and restoration of the uptrend is a breakout of resistance at the parity level.
Recommendation: BUY 1,0000 SL 0,9945 TP 1,02.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen
On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
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