USDCHF: Time to Recover ๐บ๐ธ๐จ๐ญ
https://www.tradingview.com/x/vifZy4he/
Even though USDCHF is very bearish,
I see multiple bullish clues.
After a strong bearish impulse, the price made a false breakout of a falling trend line.
Quite often it signifies strong exhaustion of sellers.
Moreover, the pair also formed a double bottom pattern, the price violated its neckline with a high momentum bullish candle.
I believe that the market will initiate a correctional movement to 0.875
โค๏ธPlease, support my work with like, thank you!โค๏ธ
Even though USDCHF is very bearish,
I see multiple bullish clues.
After a strong bearish impulse, the price made a false breakout of a falling trend line.
Quite often it signifies strong exhaustion of sellers.
Moreover, the pair also formed a double bottom pattern, the price violated its neckline with a high momentum bullish candle.
I believe that the market will initiate a correctional movement to 0.875
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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