USDCHF - 1H CHART POTENTITAL BUY

9 thg 6, 2021

HELLO EVERYONE,

PLEASE SEE ATTACHED MY CHART ANALYSIS FOR USDCHF ON THE 1H TIME FRAME.

AS WE CAN SEE THE MARKET HAS PUSHED DOWN TO A SUPPORT LEVEL /AREA AROUND THE .89472 MARK.

PLEASE SEE BELOW MY REASONS FOR A POTENTIAL LONG TRADE:

- WE HAVE HAD A TOUCH AND CURRENTLY WE HAVE A HAMMER FORMING WHICH IS A PIVOT CANDLE TO POTENTIALLY SHOW SIGNS OF A REVERSAL.
- WE ALSO HAVE A LOW RSI PUSHING TOWARDS THE OVERSOLD AREA.

I WOULD WAIT TIL THE HOURLY CANDLE HAS FORMED AND THEN IF WE GET A BULLISH CANDLE LOOK AT PLACING A BUY POSITION WITH THE BELOW TAKE PROFITS AND STOP LOSS:

- SL: 0.89460
- TP1: 0.89800
- TP2: 0.90000

ANY LIKES OR COMMENTS WOULD BE MUCH APPRECIATED.

DWFX