USDCHF: Trade Opportunities between 0.9000 and 0.92000
Here is the pair which should be added to a watchlist. During the next week, we will be able to get trade opportunities in both directions.
In the previous post, I wrote about a possible short term downward movement and how to catch it. The main goal for sellers will be the strong support zone in the daily chart. The price reversal from 0.90100 support zone will give new buying opportunities in different timeframes. The breakout below the support zone also will be able to trade in the direction of the breakout or it will be possible to catch a false breakout.
If the price doesn't move toward the support zone, it will be possible to use a breakout signal above the resistance zone formed by SMA50 and 0.92000 resistance.
If you have enough knowledge, you will be able to get good benefits from this market.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
In the previous post, I wrote about a possible short term downward movement and how to catch it. The main goal for sellers will be the strong support zone in the daily chart. The price reversal from 0.90100 support zone will give new buying opportunities in different timeframes. The breakout below the support zone also will be able to trade in the direction of the breakout or it will be possible to catch a false breakout.
If the price doesn't move toward the support zone, it will be possible to use a breakout signal above the resistance zone formed by SMA50 and 0.92000 resistance.
If you have enough knowledge, you will be able to get good benefits from this market.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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