USDCHF Testing a trend line, forming a bat pattern, bullish?
Updated
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Analysis:
USDCHF has been falling hard and is still downtrending. However a long term weekly trend line had just been crossed. Last week the market closed below it and it is possible that it may try to rest it.
However we also a bat pattern completing in the blue zone.
So possibility is:
1. Another bearish day on Monday to go to that blue zone
2. Come back up to restest the trend line and get Bat Pattern target at 38.2 Fib Retracement.
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if you like the idea please put like button, this will be the best thanks.
If you have any questions or trading ideas you can post them in comments!
Thank you for your support, I appreciate it.
------------------
Analysis:
USDCHF has been falling hard and is still downtrending. However a long term weekly trend line had just been crossed. Last week the market closed below it and it is possible that it may try to rest it.
However we also a bat pattern completing in the blue zone.
So possibility is:
1. Another bearish day on Monday to go to that blue zone
2. Come back up to restest the trend line and get Bat Pattern target at 38.2 Fib Retracement.
------------------
if you like the idea please put like button, this will be the best thanks.
If you have any questions or trading ideas you can post them in comments!
Thank you for your support, I appreciate it.
------------------
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