CHF was very bearish last week; thus XXX/CHF pairs are all very bullish. With 5 straight days of bull candles, I expect continuation on the bullishness. However, price has hit and was rejected off a major Resistance (base on weekly TF). If price is able to break through strongly, I will long on retrace to 0.788.
If the resistance holds strongly, I will short if price is able to break past the trench at 0.767. Will take a wait and see approach.
If the resistance holds strongly, I will short if price is able to break past the trench at 0.767. Will take a wait and see approach.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.