USDCHF Double Bottom Reversal
Structure: Short Term Uptrend
Moving Average: Golden Crossover for 15 EMA and 50 SMA, going to test 200 SMA
Trendline: Testing Downtrend Line
Pattern: Rising Wedge
Trigger: Breakout of Horizontal Level
Support: 0.9665
Resistance: 0.9780, 0.9850
Higher Low formed at 4H, Daily Candle showed Bullish sign yesterday.
Long at 0.9710 to capture Short Term Rebound to 0.98.
SL: 0.9640
1st Target: 0.9770
2nd Targe: 0.9850
Moving Average: Golden Crossover for 15 EMA and 50 SMA, going to test 200 SMA
Trendline: Testing Downtrend Line
Pattern: Rising Wedge
Trigger: Breakout of Horizontal Level
Support: 0.9665
Resistance: 0.9780, 0.9850
Higher Low formed at 4H, Daily Candle showed Bullish sign yesterday.
Long at 0.9710 to capture Short Term Rebound to 0.98.
SL: 0.9640
1st Target: 0.9770
2nd Targe: 0.9850
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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.