USD/CHF: franc is resuming a trend
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Recommendation:
SELL 0.9825 SL 0.988 TP1 0.9725 TP2 0.962 TP3 0.9515
BUY 0.9915 SL 0.986 TP1 1.0015 TP2 1.0055 TP3 1.0115
On the daily chart, USD/CHF is forming a “Spike and reversal with acceleration”. Bears managed to keep the pair below the trendline of the initial stage. This means that they are serious. If the pair returns inside the downtrend channel, this will increase the risks of the long-term bearish trend.
On H1 of USD/CHF, the advance of the pair to the resistance at 0.9913 with the following increase above it, will trigger the reversal “Broadening wedge” pattern.
