Udchf
USDCHF potential reversal!
USDCHF expected to rise up to 1st resistance at 0.95458 where it could potentially react off and drop down to 1st support at 0.93288.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CHF: Long Term BULLISH !!BUY Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
USDCHF Approaching Resistance, Prepare For A Reversal!Sell below 0.9977.
Stop loss at 1.0003.
Take profit at 0.9907.
Reason for the trading strategy (technically):
USDCHF is approaching its resistance at 0.9977 (61.8% & 50% Fibonacci retracement, horizontal swing high resistance, channel resistance) where it is expected to reverse down to its support at 0.9907 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
