USDCHF Buy potential in H1 and H4
Divergence formed with RSI in H1 chart
Pin bar formed at key level 38.2% fibonacci
Price rejected at 38.2% fibo level
MA 8 and 21 was being tested and bounce back upwards.
Price broke out of the previous supply zone (blue rectangle) and now turned a demand (support) zone
Eventually price went back and test the supply / demand zone but fail and now bounce back upwards from the previous supply zone.
Aiming at the next daily resistance 1.00325 ! Let's see !
Pin bar formed at key level 38.2% fibonacci
Price rejected at 38.2% fibo level
MA 8 and 21 was being tested and bounce back upwards.
Price broke out of the previous supply zone (blue rectangle) and now turned a demand (support) zone
Eventually price went back and test the supply / demand zone but fail and now bounce back upwards from the previous supply zone.
Aiming at the next daily resistance 1.00325 ! Let's see !
Trade active
Still holding this trade, A profit of maximum + 30 pips on this pair.Close at your own phase. For me, I'll let my analysis tell me right or wrong1 :P
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