USD/CHF forms bullish BAT pattern, good to buy at dips
Harmonic pattern – Bullish BAT pattern
Potential Reversal Zone (PRZ) – 0.9560
USD/CHF has made a low of 0.9585 on Friday and slightly recovered from that level. Short term trend is bullish as long as support 0.9560 holds.
Any break below 0.9560 will drag the pair down till 0.9525/0.9480.
On the higher side minor resistance is around 0.9630 and break above targets 0.9680/0.9725.
Bullish invalidation only below 0.9520.
It is good to buy at dips around 0.9580-600 with SL around 0.9555 for the TP of 0.9680
Potential Reversal Zone (PRZ) – 0.9560
USD/CHF has made a low of 0.9585 on Friday and slightly recovered from that level. Short term trend is bullish as long as support 0.9560 holds.
Any break below 0.9560 will drag the pair down till 0.9525/0.9480.
On the higher side minor resistance is around 0.9630 and break above targets 0.9680/0.9725.
Bullish invalidation only below 0.9520.
It is good to buy at dips around 0.9580-600 with SL around 0.9555 for the TP of 0.9680