USDCHF rides in a channel; grab the buy opportunity

5 thg 9, 2019

The currency pair trades in a rising channel pattern on hourly basis since the beginning of August 2019. Every time the price hit the upper trend line of the channel, it turns towards the lower trend line of the channel and vice versa. Recently, the pair reversed off its lower trend line and is likely to move upside with a first target at 0.9884. The second target is at 0.9926 and the third target is at 0.9969.
Stop Loss- 0.9783.