USDCHF H4 | Potential bullish reversal?
Based on the H4 chart analysis, we can see that price has just reacted off the resistance level. Our nuy entry will be at 0.9005 which id an overlap support that aligns with a 50% Fibonacci retracement. Our take profit will be at 0.9062 which is a pullback resistance level. Stop loss will be at 0.8953 which is a wing low support level.
Additionally, price is above the bullish Ichimoku cloud and bullish ascending trendline suggesting further bullish momentum
Additionally, price is above the bullish Ichimoku cloud and bullish ascending trendline suggesting further bullish momentum
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