Waiting for USDCHF to rise. H4 10.09.2024
Waiting for USDCHF to rise
The franc got a beautiful culmination on Friday with a false takeout of the support level around 0.84. The price gave an upward reaction and overlapped the culmination candle. Usually in such cases make an internal pullback and upside as shown in the scheme. We bought in a private channel at 0.8410 and also wrote about it immediately, as I bought it myself. According to the options, we will continue to grow to the area of 0.8750 with intermediate fixation near 0.8600. On options, we are still in a strong oversold zone, so the upside potential on the near-term contracts is pretty good as well.
The franc got a beautiful culmination on Friday with a false takeout of the support level around 0.84. The price gave an upward reaction and overlapped the culmination candle. Usually in such cases make an internal pullback and upside as shown in the scheme. We bought in a private channel at 0.8410 and also wrote about it immediately, as I bought it myself. According to the options, we will continue to grow to the area of 0.8750 with intermediate fixation near 0.8600. On options, we are still in a strong oversold zone, so the upside potential on the near-term contracts is pretty good as well.
EN channel -t.me/kovach_trader
Ru channel - t.me/newwavetrade
Ru channel - t.me/newwavetrade
Disclaimer
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.