Usdchfforex
USDCHF H4 Potential Bounce | 15th July 2022On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 0.97732 where the horizontal swing low support is to our 1st resistance at 0.98882 in line with the swing high resistance is. Alternatively, price may not break 1st support and head for 2nd support at 0.97302 where the horizontal pullback support.
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USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.97238
TP: 0.99137
SL: 0.96153
Bias: Long
As a major pair ,this instrument is pivotal for setting a remarkable trend in the financial market. Our study into the price story of this instrument insinuates a bullish tendency. We are going to buy this pair.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96422
TP: 0.98885
SL: 0.93920
Bias: Short
The historical price action of this instrument is showing a lethargic movement now and not very active with any directional bias. However, the trend strength is heavier towards downside and that is the reason we are seeking a short trade opportunity.