Two scenarios can be considered for USDCHF
1. If we consider that lower zone as a double bottom pattern, we can say that the golden Fibonacci zone has risen and now we can BUY after the pullback.
2. We can say that the golden Fibonacci zone is a very important resistance, so it stops the price movement and leads the price down.
I do not insist on a specific trend, so we will wait to see how the price behaves with this range
1. If we consider that lower zone as a double bottom pattern, we can say that the golden Fibonacci zone has risen and now we can BUY after the pullback.
2. We can say that the golden Fibonacci zone is a very important resistance, so it stops the price movement and leads the price down.
I do not insist on a specific trend, so we will wait to see how the price behaves with this range
Commentaire:
Great . it reacted very nicely
