USDCHF
On the 4H chart, you can see the following:
- A breakthrough of the descending trendline.
- A rest and rejection of the descending trending tend indicating a pattern change.
- RFI is showing that this pair is strengthening.
We should see an impulse to the upside. A good buy entry at this point with a target below the area of resistance.
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- A breakthrough of the descending trendline.
- A rest and rejection of the descending trending tend indicating a pattern change.
- RFI is showing that this pair is strengthening.
We should see an impulse to the upside. A good buy entry at this point with a target below the area of resistance.
Please like or follow if you enjoyed my analysis. Thanks
Note
My analysis and prediction is correct so far. We have seen a clear retest and rejection of the aforementioned descending trendline and an impulse to the upside. Take profit before the area of resistance. Thanks
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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.
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.