USDCHF - Sell Opportunity
The pair has been in an overall uptrend and our previous analysis posted predicted a bullish move to the current area of 1.0000. We have now reached our target area of 1.0000. We have had multiple retests on this area which we can also identify as a strong liquidity zone. We are now excepting order collection in this area. In addition to this, we have had three retests of this area in June and October respectively. This area also lines up to be the 61.8% retracement level on a daily timeframe. This provides us with sufficient confluences for sellers to take control. We are targeting the 0.97 area, giving us a yield of 3%.
Trade closed: target reached
Target Reached
Disclaimer
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.
Disclaimer
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.