Wed. Dec 8th, 2021

Long term trend in USD / CHF: bullish

Key levels of resistance: 0.92240, 0.93710, 0.94000.

Key levels of attendance: 0.91422, 0.90765, 0.90448.

Daily chart:

The price in the highest time period failed to break a strong support around 0.90448 USD, which caused a reversal and a step upwards. In addition, the market managed to break the expansion of wedge formation, where after it we expect a new upward movement.

USD / CHF Medium term trend: bullish

One hour chart:

In the lower term, the price is trading within a bullish channel formation where it found buyers near the Fibonacci retracement level of 61.80% and a bullish pattern has been posted. A lower correction is expected in the highlighted area before a new bullish impulse wave.

Signal idea:

Buy limit order @ 0.91722

TP 1 @ 0.92230

TP 2 @ 0.93710

Stop losses @ 0.91551

Trade safely 🙂

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