Two buy opportunities on this chart for USDCHF
Mid-Term Forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9120).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.9251
TP2= @ 0.9360
TP3= @ 0.9465
TP4= @ 0.9550
TP5= @ 0.9900
SL= Break below S3
----------------------------------------------------------------------------------------------------------------
Short-Term Forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9186).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.9253
TP2= @ 0.9320
TP3= @ 0.9374
TP4= @ 0.9432
TP5= @ 0.9529
SL= Break below S3
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Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9120).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 0.9251
TP2= @ 0.9360
TP3= @ 0.9465
TP4= @ 0.9550
TP5= @ 0.9900
SL= Break below S3
----------------------------------------------------------------------------------------------------------------
Short-Term Forecast:
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.9186).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.9253
TP2= @ 0.9320
TP3= @ 0.9374
TP4= @ 0.9432
TP5= @ 0.9529
SL= Break below S3
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️