USDCHF | CONFLUENCE OF MULTIPLE SUPPORTS
USDCHF has been trading in a bearish trend after made a top of 0.9960. The price on 4H time frame has approached to horizontal support. The same zone is confluence of multiple support.
1) Horizontal support
2) Rising support
3) 100SMA and 200SMA
4) 0.50 fib level
The bulls can show strong momentum at this confluence zone.
Manage your trades accordingly.
1) Horizontal support
2) Rising support
3) 100SMA and 200SMA
4) 0.50 fib level
The bulls can show strong momentum at this confluence zone.
Manage your trades accordingly.
