USD/CHF forms bullish BAT pattern, good to buy at dip
Harmonic pattern – Bullish BAT pattern
Potential Reversal Zone (PRZ) – 0.9520
USD/CHF has retreated till 0.9554 after making a high of 0.9645 yesterday. It is currently trading at 0.9576. Short term trend is bullish as long as support 0.9520 holds.
Any break below 0.9520 will drag the pair down till 0.9470/0.9400.
On the higher side major resistance is around 0.9650 and break above targets 0.9680/0.9725.
The minor resistance is around 0.9600
Bullish invalidation only below 0.9520.
It is good to buy at dips around 0.9560-65 with SL around 0.9515 for the TP of 0.9680
Potential Reversal Zone (PRZ) – 0.9520
USD/CHF has retreated till 0.9554 after making a high of 0.9645 yesterday. It is currently trading at 0.9576. Short term trend is bullish as long as support 0.9520 holds.
Any break below 0.9520 will drag the pair down till 0.9470/0.9400.
On the higher side major resistance is around 0.9650 and break above targets 0.9680/0.9725.
The minor resistance is around 0.9600
Bullish invalidation only below 0.9520.
It is good to buy at dips around 0.9560-65 with SL around 0.9515 for the TP of 0.9680