UsdChf- Bullish short term, bearish medium term. What to do?
UsdChf is in a bearish trend for quite some time and recently broke under very important 0.88 zone support.
After reaching a low at 0.8550. Here the pair found support and formed a small double bottom which could lead to further gains.
In conclusion, in the short term, a rise to test the broken support, now resistance is not out of the question and short-term traders can try to speculate this potential rise.
However, if you want to stay on the safe side, a sell in 0.88 zone is a better choice.
After reaching a low at 0.8550. Here the pair found support and formed a small double bottom which could lead to further gains.
In conclusion, in the short term, a rise to test the broken support, now resistance is not out of the question and short-term traders can try to speculate this potential rise.
However, if you want to stay on the safe side, a sell in 0.88 zone is a better choice.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.