USDCHF W, 1.0026 DONE & REJECTED, TESTING 0.9547, THEN REBOUND?
USDCHF hit the target at 1.0000 & 1.0026 after broke and hold above 0.9901.
As I said at previous Idea: "Break and hold above 0.9901, open the way to key psychological level 1.0000 and 1.0026 (Triple Top and also its Strongest Resistance now)."
But, As that's a psychological and Strongest Resistance, then USDCHF rejected from that level.
Now, USDCHF is heading to 0.9547.
While Above 0.9547, Consolidating 0.9547-0.9650, STILL BULLISH.
Break Below 0.9547, Open The Way To Test MA 200 0.9512 & 0.9470.
But, Break Below 0.9470, Potential Retest 0.9296.
Below 0.9296 potentially retest 0.9091.
As I said at previous Idea: "Break and hold above 0.9901, open the way to key psychological level 1.0000 and 1.0026 (Triple Top and also its Strongest Resistance now)."
But, As that's a psychological and Strongest Resistance, then USDCHF rejected from that level.
Now, USDCHF is heading to 0.9547.
While Above 0.9547, Consolidating 0.9547-0.9650, STILL BULLISH.
Break Below 0.9547, Open The Way To Test MA 200 0.9512 & 0.9470.
But, Break Below 0.9470, Potential Retest 0.9296.
Below 0.9296 potentially retest 0.9091.
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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.