USDCHF potential bullish bounce | 4th Feb 2022

4 thg 2, 2022

On the H4 timeframe,price is abiding to the daily ascending channel signifying an overall bullish momentum. We can expect the price to bounce from pivot level in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement towards take profit level in line with 61.8% Fibonacci projection and previous swing high. Our bullish bias is further supported by the MACD indicator where the MACD line is above the signal line.

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