The downtrend of USDCHF seems to be coming to an end with price action pointing the upside for the next few weeks.
1: Weekly Time Frame False Breakout at Previous Months Low 2: Falling Wedge Breakout on Daily Time Frame with Multiple Candle Closes. 3: Daily Chart Trade Line Breakout 4: Head on Shoulder Pattern formation on Daily Time Frame 5: 61.8 Fibonacci Rejection on Daily Time Frame With Daily Pin Bar.
Waiting for price to pull back to the demand area of 0.71000 which is also the low of the previous week. Target is in the 0.73000 supply area.
Waiting for price to pull back to the demand area of 1.56000 which is also the low of the previous week. Target is in the 1.61200 supply area.
Waiting for price to pull back to the tdemand area of 1.53000 which is also the low of the previous week. Target is in the 1.57300 supply area.
Waiting for price to pull back to the the demand area of 125.140 which is also the low of the previous week. Target is in the 127.420 supply area.
Waiting for price to pull back to the the demand area of 0.20600 which is also the low of the previous week. Target is in the 0.23500 supply area.