USD/CHF: bulls got a chance

USD/CHF: bulls got a chance

2019-11-11 • Updated

Recommendations:

BUY 0.958

SL 0.9525

TP1 0.968 TP2 0.974 TP3 0.979

On the daily chart of USD/CHF, bulls managed to push the pair out of the long-term downtrend channel and implement the “AB=CD” pattern with the 224% target. To continue the rally, the pair should break the resistance at 0.9811. 

usdchf_d.png

On H1, the “Spike and reversal with acceleration” pattern is implemented.  The bullish trend will continue until the pair falls below the bottom boundary of the uptrend. Pullbacks to supports at 0.958 and 0.9555 may be used for long positions.

usdchf_60.png

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