USDCHF: Overlap demand zone
Updated
Price has cleared the bottom of the downward sloping channel for a liquidity hunt before breaking upwards back into the channel.
We have a historical demand zone seen at 0.8830/0.8900.
If price gets supported at this level, we will see a retracement towards 0.9080
USDCHF Long
Entry is valid as long as price is above 0.8830
SL: 0.8755
TP: 0.9080
We have a historical demand zone seen at 0.8830/0.8900.
If price gets supported at this level, we will see a retracement towards 0.9080
USDCHF Long
Entry is valid as long as price is above 0.8830
SL: 0.8755
TP: 0.9080
Comment
The bullish structure is forming. If the price closes above the demand zone today, we will see 0.8980 next, and 0.9080 thereafter.Comment
The first TP level is hit (0.8980).
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