This 4-hour chart of USD/CHF shows a potential bullish reversal from a key support level.
Support Zone: The price is approaching a strong support level around 1.10193 - 1.12261, where previous price action has reacted. Reversal Expectation: A bounce from this level could trigger a bullish move toward the 1.15719 resistance level. Target Projection: If price respects the support, a 3.00% potential upside is expected. Trading Plan: Buy Entry: Look for bullish confirmation signals at the support zone. Stop-Loss: Below the support area to minimize risk. Take Profit: First target at 1.15719. Technical Indicators to Watch: Bullish Candlestick Patterns at support. RSI / MACD for momentum confirmation. Trendline Breakout for additional bullish confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.