USD/CHF: should you buy or sell?

USD/CHF: should you buy or sell?

2019-11-11 • Updated

Recommendations:

BUY 0.9975 SL 0.992 TP1 1.0075 TP2 1.0130 TP3 1.0175

SELL 0.985 SL 0.9905 TP1 0.976 TP2 0.9735 TP3 0.963

On the daily chart of USD/CHF, the pair has been reaching targets of the reversed “Shark” pattern with the 113% target. To keep rising, the pair needs to break the resistance at 0.998. Vice versa, a break of the support at 0.985 will increase risks of the pullback to the current rally.

usdchf_d.png

On H1, the pair reached both targets of the “Wolfe waves” pattern. Up to now, there is a consolidation within 0.994-0.9975. An entry from it will determine the further direction of the pair.

usdchf_60.png

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