USDCHF: Entering Demand Zone

Nov 15, 2019

hey traders,

I was asked a lot about USDCHF.

Analyzing 4H chart we can see that the market is currently entering a very wide zone of demand.
this zone is based on a rising trendline and horizontal structure.
Chances are very high that we will see a bullish reaction from this zone at least to 0.992 level.

for now, it is very difficult to tell from which point exactly we will see a retracement.
First, look for a reversal formation before taking any action.

I will post an update later on.