Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
USD/CHF reversed from support area
2019-11-11 • Updated
- USD/CHF reversed from support area
- Next buy target - 0.9715
USD/CHF recently reversed up with the daily Morning Star from the strong support level 0.9560 (former powerful resistance from March). The upward reversal from this support level started the active intermediate impulse wave (3). USD/CHF is expected to rise toward the next buy target at next resistance level 0.9715 (former strong support from December and January).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...