#USDCHF possible bullish scenario
Aggiornato
Price is currently testing the lower boundary of a daily bearish channel, the 1 FIB extension level, and a long-term support area. This supportive cluster could potentially lead to the formation of a low around this price level.
On the other hand, the bearish move in price appears to be a corrective bearish ABC move, correcting approximately 61.8% to 78.6% from the previous bullish move.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
On the other hand, the bearish move in price appears to be a corrective bearish ABC move, correcting approximately 61.8% to 78.6% from the previous bullish move.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Nota
Price is breaking below a bearish channel line and as a result failing the analysisNota
The fact that yesterday, after a break below the channel, the price retraced and formed a bullish hammer candlestick pattern near a very important support could potentially mean that the bearish breakout was a false breakout and adds to the possibility of a bullish move.Also for more conservative scenario you can wait for a possible bullish breakout of this short term bearish trendline.
Nota
Seems like price finally is breaking above this short term bearish trendline and as a result we might see a bullish follow-trough.
Nota
Price is finally breaking above a range area as a result of high impact news release and now we can expect price to begin its bullish move.
Nota
a very nice pullback to the broken short term bearish trendline. if price holds above this trendline we can expect price to rise even further.
Pubblicazioni correlate
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.