We Have an Analysis Of USDCHF H1
Updated
This Analysis is Based On Price Action Theory.
According to this analysis, we have put a trend line the price to go through with selling pressure and test the trendline twice. The second trendline we have seen is that we have seen buying pressure in midterms, and the price has tested the trendline twice, and finally the price has broken the trendline with heavy selling pressure. And according to the 3rd analyst we find the symmetrical triangle, the price also goes through with this symmetrical triangle with the multiple pullbacks and bounce back and still waiting for the breakout. Our first target area is 0.94540, and our second target area is near 0.94862 if the price breaks the upper trendline. However, if the price fails to break out, we have two downside targets, 0.93872 and 0.93299
According to this analysis, we have put a trend line the price to go through with selling pressure and test the trendline twice. The second trendline we have seen is that we have seen buying pressure in midterms, and the price has tested the trendline twice, and finally the price has broken the trendline with heavy selling pressure. And according to the 3rd analyst we find the symmetrical triangle, the price also goes through with this symmetrical triangle with the multiple pullbacks and bounce back and still waiting for the breakout. Our first target area is 0.94540, and our second target area is near 0.94862 if the price breaks the upper trendline. However, if the price fails to break out, we have two downside targets, 0.93872 and 0.93299
Note
All targeted area has been completed by this analysis hope you enjoy it.
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