CHFSEK Approaching Support: Will Buyers Push Toward 12.1210?
CHFSEK is approaching a key demand zone, marked by previous price reactions and strong buying interest. This zone has historically acted as a support area, suggesting the potential for a bullish bounce if buyers regain control.
The current market structure indicates that if the price confirms a rejection from this demand zone, we could see a move upward toward the 12.12100 level. This target aligns with a logical retracement within the broader market context.
Traders should watch for bullish confirmation signals, such as bullish engulfing candles or strong buying volume, before considering long positions.
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.