PavelTarasenko

PavelTarasenko

USDCHF broke and retest Rising wedge pattern. Breakout and retest was clear confirmed on RSI. Now price has potential move to the downside to previous support / fib levels and lower.

PavelTarasenko

Moving to support area.

PavelTarasenko

Confirmation to the upside move will occurred if price break out of ascending wedge and retest new support. Confirmation to the down move will occurred if price break down of ascending trend line and retest it as resistance.

PavelTarasenko

Wait for break and retest descending resistance line before going long. Check next weekly post for more global overlook, check previous 4 hour post for zooming closely.

PavelTarasenko

On weekly time frame we have: - Ascending support line. - Divergence on MACD. - Tripple bottom pattern. Check next monthly post for more global overlook, check previous daily post for zooming closely.

PavelTarasenko

On monthly time frame we have: - Strong ascending trend line and price moving already near a bottom of it. - Falling wedge pattern. - Tripple bottom pattern. - Broken descending resistance line on RSI. Check previous weekly post for zooming closely.