Hello everybody!
-On a 4-hour time frame, we can see that the price reached support, and then the price tested and rejected that zone.
-We can see that the price started moving in a bullish direction after retest.
-We can see that the stochastic indicator is in an oversold area and we can see that stochastic indicator made a crossover.
-On a 4-hour base, USD is stronger than CHF and on a daily base, USD is a little bit weaker than CHF.
-If USD remains stronger than CHF then we can expect bullish movement and if CHF remains stronger then we can expect bearish movement!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price reached support, and then the price tested and rejected that zone.
-We can see that the price started moving in a bullish direction after retest.
-We can see that the stochastic indicator is in an oversold area and we can see that stochastic indicator made a crossover.
-On a 4-hour base, USD is stronger than CHF and on a daily base, USD is a little bit weaker than CHF.
-If USD remains stronger than CHF then we can expect bullish movement and if CHF remains stronger then we can expect bearish movement!
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.