USDCHF: Confirmed Bullish Reversal🇺🇸🇨🇭
https://www.tradingview.com/x/9pdyHVHS/
USDCHF reached an important confluence zone last week.
We see a nice intersection between a daily horizontal support and a
lower boundary of a falling parallel channel on a daily.
Analyzing 12H time frame, we can spot an inverted head and shoulders formation.
The neckline of the pattern was broken with a high momentum bullish candle on Friday.
It confirms the strength of the buyers and a highly probable bullish continuation.
Next resistance - 0.885
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USDCHF reached an important confluence zone last week.
We see a nice intersection between a daily horizontal support and a
lower boundary of a falling parallel channel on a daily.
Analyzing 12H time frame, we can spot an inverted head and shoulders formation.
The neckline of the pattern was broken with a high momentum bullish candle on Friday.
It confirms the strength of the buyers and a highly probable bullish continuation.
Next resistance - 0.885
❤️Please, support my work with like, thank you!❤️
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