USDCHF has reached a very powerful support area

Hi guys,

The USDCHF has reached a very powerful support area. It may form a corrective pattern and then break the support or resistance line on the pattern. If you look at longer time frame like weekly, you will see that the pair is going sideways and it has reached now the support line. So, I think it should reverse and go back up

Comment:

As expected, the price reversed

Trade closed: stop reached