USDCHF ANALYSES

15 thg 6, 2020

DAILY CHART: At the moment we can see the formation of a morning star, showing us a possibly bullish pattern during the week untill the price reaches the resistance( purple line). Once we get there(resistance) the price can break it or respect the resistance and go to the downside...

4H CHART( Down): At this timeframe, we can see a strong bullish strengh with long green candles. However, with the market opening session, we had a normal pullback to the downside and since then the price has been consolidating on the support line .
Based on my analyses, the price is going to consolidate possibly during this day and then take off to the bullish side. Simple as that.
Trade what you see! Be cautious, good luck yall!