USD/CHF: bears showed weakness
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Recommendation:
BUY 0.9985
SL 0.9940
TP1 1.0085 TP2 1.0155 TP3 1.0185
On the daily chart, USD/CHF is pulling back to the medium-term uptrend. Bears failed to form “Spike and ledge” and bulls returned the initiative. Buyers are counting on a break of resistance at 0.9985 and continuation towards 113% target of the “Shark”.
On H1, USD/CHF is forming a “Broadening wedge”. To finish the graphical configuration, it needs to overcome resistance at 0.9985. As a result, a point 5 will form.
