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USDCHF: Price Flips - I Expect a Rally

Long
Dollar américain / Franc suisse (FX:USDCHF)  
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FX:USDCHF   Dollar américain / Franc suisse
Trend Analysis USDCHF
27
7
trendanalysis usdchf
Price has broken above a long term resistance level and has pulled back testing it and already being rejected. Any buy setup completion at the parallel will be a high probability one.
Commentaire:
It took price a couple of days (two bars) to reach our target. These who got involved in a buy setup from our support level most likely booked a trade with over 120 pips profit. Although it now seems we have a rejcetion at current level I believe price will break above the parallel and head to our next resistance level
Commentaire:
Price retests the sliding parallel where it seems we have a rejection. In addition a double bottom has formed at the level. Most likely price will move higher in the next days
snapshot

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