USDCHF: Potential Buying Opportunity Explained 🇺🇸🇨🇭

snapshot

Hey traders,

One week ago, USDCHF broke a major falling trend line to the upside.
Now we see its retest.

To catch a bullish movement with a confirmation
watch a falling parallel channel on 1H time frame.
Your trigger to buy will be a bullish breakout of its resistance.

Then a bullish continuation will be expected to 0.9372 / 0.9405

If the price breaks the trend line to the downside,
the setup will be invalid.

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ForexMultiple Time Frame AnalysisParallel ChannelpriceactionpriceactionanalysisTechnical AnalysistradingTrend LinesUSDCHF

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