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Usdchfanalysis

USDCHF | Perspective for the new weekPrice is currently within a strong supply zone which has a strong memory of selling pressure at around 0.98500. Are we going to be witnessing another selling pressure from this zone this week or a breakout of this zone to the upside will signal a bullish momentum? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
USD CHF SET UP USD CHF, has formed a double top pattern and has broken the neckline. We are looking for a retest of neckline for entry. -How to identity Double Top Pattern 1) Look for a proceeding uptrend HHs & HLs 2) Look for a resistance level/high levels where the market drops. 3) Wait for the price to go back to that level to make it and equal highs. 4) Use technical tools to draw them out and wait for the neckline breakout and retest. 5) Enter at the rest of the neckline and target 1-2 or 1-3. NOTE: Retest doesn't always happen but when it dose it is useally a strong confirmation Trade safe UBK
Short
by OfficialUBKFX
1