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USDCHF - Price can exit from pennant and then continue to grow
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
A not long time ago price made upward impulse from support area to $0.8885 points, breaking $0.8770 and $0.8835 levels.
After this, price started to trades in pennant, where it soon bounced from resistance line and declined below $0.8835 level.
Next, CHF some time traded near this level and later bounced down to $0.8770 support level and even lower to support line of pennant.
Price at once backed up, making fake breakout, and rose to resistance line of pennant, also recently it exited from this pattern.
But now, CHF trades below this line and I think Swiss Franc can break resistance line, make retest, and then continue grow to $0.8835 level
If this post is useful to you, you can support me with like/boost and advice in comments❤️
A not long time ago price made upward impulse from support area to $0.8885 points, breaking $0.8770 and $0.8835 levels.
After this, price started to trades in pennant, where it soon bounced from resistance line and declined below $0.8835 level.
Next, CHF some time traded near this level and later bounced down to $0.8770 support level and even lower to support line of pennant.
Price at once backed up, making fake breakout, and rose to resistance line of pennant, also recently it exited from this pattern.
But now, CHF trades below this line and I think Swiss Franc can break resistance line, make retest, and then continue grow to $0.8835 level
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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