USDCHF Analysis: Potential Range Trading Pattern
The USDCHF currency pair appears to be forming a significant range trading pattern between 0.8965 and 0.9200, approximately 235 pips.
After finding strong support at 0.8965, the price is on the rise again. Notable resistance zones are expected around 0.9045, 0.9080, and 0.9135.
However, this time you have to be careful.
If the price drops below 0.8965, a larger bearish wave may commence. Therefore, it is crucial to trade with a stop loss and consider this bearish scenario in your trading strategy.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The USDCHF currency pair appears to be forming a significant range trading pattern between 0.8965 and 0.9200, approximately 235 pips.
After finding strong support at 0.8965, the price is on the rise again. Notable resistance zones are expected around 0.9045, 0.9080, and 0.9135.
However, this time you have to be careful.
If the price drops below 0.8965, a larger bearish wave may commence. Therefore, it is crucial to trade with a stop loss and consider this bearish scenario in your trading strategy.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Ghi chú
USDCHF already reached 0.9033 and the odds are that it should rise more.
Giao dịch đang hoạt động
Ghi chú
Near to the first target 0.9041Ghi chú
USDCHF: Target 1 reached
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✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.