USDCHF - After breakout, price can make retest and continue rise
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in commentsđź‘Š
After price bounced from support line, which coincided with $0.8570 support level, it rose to resistance area.
Price some time traded in this area, made correction, after which CHF rose higher resistance area and then started to fall.
Also, price entered to falling channel, where it broke $0.8680 level which support line, and declined to support area.
Then price made strong upward impulse from this area higher than $0.8680 level, breaking it again and exiting from channel too.
At the moment, price trades near support area, and I think Swiss Franc can bounce up from support area to $0.8745
If this post is useful to you, you can support me with like/boost and advice in comments❤️
After price bounced from support line, which coincided with $0.8570 support level, it rose to resistance area.
Price some time traded in this area, made correction, after which CHF rose higher resistance area and then started to fall.
Also, price entered to falling channel, where it broke $0.8680 level which support line, and declined to support area.
Then price made strong upward impulse from this area higher than $0.8680 level, breaking it again and exiting from channel too.
At the moment, price trades near support area, and I think Swiss Franc can bounce up from support area to $0.8745
If this post is useful to you, you can support me with like/boost and advice in comments❤️