VasilyTrader

USDCHF: Time to Recover 🇺🇸🇨🇭

Long
OANDA:USDCHF   Dollar américain / Franc suisse

Even though USDCHF is very bearish,
I see multiple bullish clues.

After a strong bearish impulse, the price made a false breakout of a falling trend line.
Quite often it signifies strong exhaustion of sellers.

Moreover, the pair also formed a double bottom pattern, the price violated its neckline with a high momentum bullish candle.

I believe that the market will initiate a correctional movement to 0.875

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