USDCHF – expecting bullish continuation for the week of 13 June
This pair has made parabolic gains since April 2022, a strong pullback in May notwithstanding. The support at 0.9560 was tested several times but held firm. This level became the base from which price launched again. Last week saw a strong dollar again and a break above the next significant level at 0.9840. IMO we are bullish again and this is my bias for the next week.
I will be looking for a small pullback to the 0.9840 region and will be monitoring price action to take a long trade. My stop will have to be below the low of Friday’s candle while targeting the next S/R area around 1.003. If this trade does work out, we have a potential 2.4R trade.
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Always use sound money and risk management and stay patient in all your trades.
I will be looking for a small pullback to the 0.9840 region and will be monitoring price action to take a long trade. My stop will have to be below the low of Friday’s candle while targeting the next S/R area around 1.003. If this trade does work out, we have a potential 2.4R trade.
If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications.
Always use sound money and risk management and stay patient in all your trades.
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.