USD/CHF: franc came to Indians in peace

USD/CHF: franc came to Indians in peace

Recommendations:

BUY 0.951 SL 0.9455 TP1 0.961 TP2 0.9715 TP3 0.986

SELL 0.9435 SL 0.949 TP1 0.936 TP2 0.9335 TP3 0.927

On the daily chart of USD/CHF, the pair needs to break the March high to continue rising. On the contrary, an implementation of the “three Indians” pattern will increase risks of a long-term bearish trend. 

usdchf_d.png

On H1, there is a short-term consolidation in the range of 0.9435-0.951. If bulls manage to break its upper boundary, the rally will continue. Vice versa, the break of the support at 0.9435 will increase risks of decline to the 88.6% target of the “Shark” pattern.

usdchf_60.png

Similar

How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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