USD/CHF: bulls broke free

USD/CHF: bulls broke free

Recommendation:

BUY 0.9880

SL 0.9825

TP1 0.998 TP2 1.004

On the daily chart, USD/CHF completely formed the “Dragon” pattern. After it renewed the “Dragon's head” and quitted the descending trade channel, we are certain that bulls have the initiative. They unfolded the long-term trend and are ready to continue the rally at least until 224% target of AB=CD.

CHF1.png 

On H1, USD/CHF is forming «Spike and reversal with acceleration”. As long as it’s staying above 0.9770-0.9800, bulls will remain control.

CHF2.png

Similar

EUR/USD: euro wants to surf

On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.  

USD/JPY: the Bears have won

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines

jpy

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