Market has been ranging since May 2022
If price should break the trendline and react to the zone @ 0.98798 then move bullish in order to retest the trendline without breaking about 1.00640, that should be our first confirmation that the market can go BEARISH.
Second confirmation: If price should break through the previous zone of 0.98798 after retesting the trendline then that is the other confluence to go BEAR on USDCHF all the way down to 0.94441
If price should break the trendline and react to the zone @ 0.98798 then move bullish in order to retest the trendline without breaking about 1.00640, that should be our first confirmation that the market can go BEARISH.
Second confirmation: If price should break through the previous zone of 0.98798 after retesting the trendline then that is the other confluence to go BEAR on USDCHF all the way down to 0.94441
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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.