USDCHF approaching support, potential rise!

アップデート済
USDCHF is approaching our first support at 0.9576 (horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term ascending support line. A strong bounce could occur above this level, pushing price up to our major resistance at 0.9639 (horizontal swing high resistance). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias.

RSI (89) is also approaching our major ascending support and a bounce off this level might be a good precursor for a potential rise in price.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
トレード終了: 利益確定目標に到達
Rallied up nicely to our major resistance!!! Did you guys manage to get on this trade?
Chart PatternschfForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSDUSDCHFusdchflongusdchfshort

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