USDCHF Descending channel
Updated
USDCHF has recently formed a descending channel and has found support around 0.91549 - 0.91445.
After retesting these support lines, a major bullish candle has formed on the 4H which signals a bullish reversal.
The candle patterns also shows a strong bullish engulfing.
Any thoughts?
After retesting these support lines, a major bullish candle has formed on the 4H which signals a bullish reversal.
The candle patterns also shows a strong bullish engulfing.
Any thoughts?
Note
A head and shoulder pattern has formed, it created a visible neck line around 0.9217, break of this line will probably pull price towards the upper channel limit.
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