TradingView
MMBTtrader
Apr 21, 2021 5:16 AM

USDCHF is touching strong support zone and ready to pumpΒ Long

U.S. Dollar/Swiss FrancFXCM

Description

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AS we can see we have two important and strong support zone ahead that it seems that the first one even touched .
and why strong support zone ?
1.dxy and usdchf for example had great amount of rise in previous weeks and it can continue after this needed correction and we are now on 0.5% of Fibonacci
2. 200Ma broke and it would be retest and rise is expected after that .
3. if and if this green cycle that is here break then again we can see continuation to upside from 0.61% of Fibonacci and is mentioned on chart with green rectangle .

Targets:
A. 92.00
B. 93.00

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comments
FieryTrading
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Thanks for the analysis
KlejdiCuni
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Thanks for sharing!
Henry_Ross
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awesome plan mate!
P_S_trade
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Nice chart
YMGroup
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thanks for your chart
AtlasTrades
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exceptional analysis
Rawkoala
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Agree with this! Nice one!
KlejdiCuni
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Agree!
Mihai_Iacob
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Thanks for the heads up
ManhSonBui
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My Brother , thanks for sharing
Currency pairs I haven't traded for a long time. To less Volatility but if I can make money πŸ’°, so why not :-)

Take care my friend
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