USD/CHF: franc is trying to hit parity level

Read the article on FBS website

On the USD/CHF daily chart, the "bears" failed to settle down below the important support at 0.9945. It was a signal of their weakness. The bulls can realize the Wolf Waves pattern. For this to happen they need to rise above the parity level, and then successfully test the resistance at 1.004.

On the USD/CHF hourly chart, after the realization of the downward triangle, the expanding wedge reversal pattern was formed. To complete it, the high at point 3 (parity) should be updated. It will be a basis for opening long positions.

Recommendation: BUY 1, SL 0,9945 TP 1,002. 

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.