USD/CHF: bulls rebuffed an attack

USD/CHF: bulls rebuffed an attack

2019-11-11 • Updated

Recommendation:

BUY 0.9610

SL 0.9555

TP1 0.9710 TP2 0.9750 TP3 0.9795

On the daily chart of USD/CHF, bulls managed to keep the pair from returning inside the downtrend. The pair formed a doji bar. Advance above its high and resistance at 0.9611 will giver buyers hope for growth to 88.6% and 224% of the “Shark” and AB=CD.

CHF1.png 

On H1, a pullback from the lower border of the uptrend channel within the “Spike and reversal with acceleration” shows that bulls have strength. Advance above resistance at 0.9610 will increase the odds of AB=CD pattern.

CHF2.png

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