USDCHF Critical Resistance Level..... Determine its movement!!!!
As you can see from my analysis, there is 2 possible outcome for this currency pair as of now. Best option is to wait till further movement for the best entry point. Best entry point will be near the resistance level.
1. First Outcome (Most Likely): We will not see a breakthrough on the 0.9725 resistance level level. We will see a potential reversal which will have a bearish movement till the support level @0.9180.
2. Second Outcome: We have to look for strong candle to determine its breakthrough. After which, I believe it will have a bullish momentum which may form a higher high (head) @ the 0.9965 price level.
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1. First Outcome (Most Likely): We will not see a breakthrough on the 0.9725 resistance level level. We will see a potential reversal which will have a bearish movement till the support level @0.9180.
2. Second Outcome: We have to look for strong candle to determine its breakthrough. After which, I believe it will have a bullish momentum which may form a higher high (head) @ the 0.9965 price level.
FOLLOW us on Tradingview for latest updates and analysis!!!! Do LIKE if you agree with our idea and COMMENT to share your analysis as well as your idea on this pair. Cheers and happy trading!!! Drop me a private message on Tradingview for free telegram group!!!