USD/CHF: Potential Break at a Key Resistance 🦐
USD/CHF has been in a downtrend, but recently tested a weekly resistance level at 0.91000.
After testing this level, the market started an impulse move and has now tested the 0.618 Fibonacci level.
This level is significant because it is a key retracement level and is often an area where the market may see a reversal or a significant pullback.
Traders may look for a potential long-trade opportunity if the market holds above this level, with a stop loss and the target set according to the Plancton's strategy rules.
Currently, the market is trading below the 0.92400 resistance level. A break above this level could show a sign of a potential buying signal.
After testing this level, the market started an impulse move and has now tested the 0.618 Fibonacci level.
This level is significant because it is a key retracement level and is often an area where the market may see a reversal or a significant pullback.
Traders may look for a potential long-trade opportunity if the market holds above this level, with a stop loss and the target set according to the Plancton's strategy rules.
Currently, the market is trading below the 0.92400 resistance level. A break above this level could show a sign of a potential buying signal.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.