Hey tradomaniacs,
looks like USD/CHF is about to move up after the recent volatile spike to the downside which is a stop-loss-fishing move.
Technically we see a correction and finally a breakout above the trendline, while the horizontal support was holding and indicates accumulation.
However, last spike down plus the recent breakout are a great indication for a long.
As always, be carefully in this volatile market, especially ahead the ECB-Event today.
Let`s see what happens! =)
looks like USD/CHF is about to move up after the recent volatile spike to the downside which is a stop-loss-fishing move.
Technically we see a correction and finally a breakout above the trendline, while the horizontal support was holding and indicates accumulation.
However, last spike down plus the recent breakout are a great indication for a long.
As always, be carefully in this volatile market, especially ahead the ECB-Event today.
Let`s see what happens! =)
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