USD/CHF: franc got into dragon’s lair

USD/CHF: franc got into dragon’s lair

Recommendation:

BUY 0.9615 SL 0.956

TP1 0.9695 TP2 0.978 TP3 0.986

On the daily chart, USD/CHF formed a powerful reversal pattern “Triple bottom”. As a result, risks of a “Dragon” pattern increased, although bulls firstly need to get above resistance at 0.9615 and 0.9650.

CHF1.png 

On H1, USD/CHF keeps forming the “Dragon” pattern. Bullish movement will face at least one pullback (“Head of the Dragon”), although the pair may have already chosen its direction. As a result, buying on breakthroughs is the main strategy.

CHF2.png

chf

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USD/JPY: dollar is in correction to Cloud

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EUR/USD: bears in game

Bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are entered into the negative area, but there is a strong support on 1.1800 and the market is oversold.

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