USDCHF: Potential Buying Opportunity Explained 🇺🇸🇨🇭

snapshot

Hey traders,

One week ago, USDCHF broke a major falling trend line to the upside.
Now we see its retest.

To catch a bullish movement with a confirmation
watch a falling parallel channel on 1H time frame.
Your trigger to buy will be a bullish breakout of its resistance.

Then a bullish continuation will be expected to 0.9372 / 0.9405

If the price breaks the trend line to the downside,
the setup will be invalid.

❤️Please, support this idea with like and comment!❤️

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.