A #long trade opportunity recently presented itself on the #dollarswissy (#USDCHF) #trading chart 📈.
This is indicated by the #bullish engulfing candlestick 🕯️ pattern on the 0.85474 horizontal support level.
This indicates a fakeout of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 0.91000 psychological level and possibly testing the strength of the 0.91232 horizontal resistance level.
As always, please apply appropriate risk management.