DAILY USDCHF, LONG TERM BEARISH, SHORT TERM SLIGHTLY BULLISH
CANDLE STICK CHARTS SHOWS THAT PRICE IS REJECTED BY THE 50% RETRACEMENT.
RENKO CHART SHOWS THAT THERE IS STILL ROOM FOR PRICE TO GO HIGHER.
==> WAIT FOR CONFIRMATION ON MONDAY CLOSE, BULLISH BIAS
CLOSE ABOVE 50% RETRACEMENT NEXT RESISTANCE AT 0.89818 (61.8%)
MIN 2 BLOCK RENKO CLOSE DOWN WITH STOCHASTIC CROSSOVER WOULD SIGNAL RESUMPTION OF DOWNTREND
RENKO CHART SHOWS THAT THERE IS STILL ROOM FOR PRICE TO GO HIGHER.
==> WAIT FOR CONFIRMATION ON MONDAY CLOSE, BULLISH BIAS
CLOSE ABOVE 50% RETRACEMENT NEXT RESISTANCE AT 0.89818 (61.8%)
MIN 2 BLOCK RENKO CLOSE DOWN WITH STOCHASTIC CROSSOVER WOULD SIGNAL RESUMPTION OF DOWNTREND
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