USDCHF: trend reversal and falling towards strong support
Elements of the chart that are important to pay attention to:
- An uptrend from January to April 2021.
- Breakdown of the trend line 0.937 (early April).
- A minor downtrend from March 2021 to the present.
The price continues to fall in the trend and can be expected to touch the resistance at 0.912 and fall to the support level of 0.903.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
- An uptrend from January to April 2021.
- Breakdown of the trend line 0.937 (early April).
- A minor downtrend from March 2021 to the present.
The price continues to fall in the trend and can be expected to touch the resistance at 0.912 and fall to the support level of 0.903.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.