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BonnelykkeInvest

Super strong bullish engulfing pattern on USDCHF

Panjang
Dolar A.S. / Franc Swiss (FX:USDCHF)  
BonnelykkeInvest  
FX:USDCHF   Dolar A.S. / Franc Swiss
Trend Analysis Chart Patterns USDCHF LONG Bullish Patterns Engulfing Candle pattern super strong
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trendanalysis chartpattern usdchf long bullish engulfingcandle pattern super strong
snapshot

As we can observe on the daily chart, a super strong bullish engulfing pattern has formed. 1# candlestick is a dragonfly doji candlestick, with a very long lower shadow. 2# is a strong bullish candle, which confirms the strong dragonfly doji. This indicates, that a huge press from the buyers has emerged, in a short time.

This, combined witch the bullish trend and candlesticks on the longer time frames (weekly and monthly), makes it a strong long trade setup, according to my trading strategy.

Stoploss will be: 0.95520 (80 pips).

Target will be around the 61.80 % fibonacci retracement level and the resistance line, depends on the future movement of the price.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.