USDCHF → False breakdown gives bullish momentum ↑

20 mag

USDCHF is forming a false breakdown of range support and uptrend, which opens the market to buy potential. CHF is weakening stronger than the dollar and this could support the uptrend.



On D1, the price tested the MA-50 ascending average with a false breakdown, as well as a strong support area at 0.900. Liquidity capture and candlestick set-up form the price reversal and bullish momentum, which, from the point of view of trading inside the range, can lead the price to the upper boundary - 0.9216

Resistance levels: 0.910, 0.915, 0.9216
Support levels: 0.9075, 0.900

A break through the nearest zone 0.910 will accelerate the price strengthening. The bullish trend may continue.

Regards R. Linda!

20 mag

Trade attivo

20 mag

Trade attivo

An impulse from trend support is starting to form

22 mag

Trade attivo

Interim target reached
+50 pips!

24 mag

Trade attivo

A quick retest of 0.9152 resistance is forming.
A breakout with further growth to the target 0.9216 may take place in the nearest future.