USD/CHF: bulls are launching an attack
Read the article on FBS website
Recommendation:
BUY 0.9410
SL 0.9355
TP1 0.9510 TP2 0.9590
On the daily chart of USD/CHF, bulls are trying to counterattack and trigger the “Shark” pattern. Its 88.6% target is near 0.9775. As there’s a distinct downtrend, we doubt in the pair’s ability to rise to this level, though everything is possible.
On H1, if USD/CHF exits the downtrend channel and breaks above resistance at 0.9410 with the following activation of the “Shark” pattern, the odds of advance to 0.9590 will increase.
