USDCHF: Trend Reversal Signals at 0.90500 Support
The price bounced from 0.90500 support zone. We got a bullish divergence and a possible double bottom chart pattern. It gives us 2 trend reversal signal and we can expect that the price will move up during the next week. It will give us new buying opportunities.
I would like to wait for a retest of 0.90500 support one more time and a new reversal signal. After that, it will be possible to open a long position.
If we open a long position based on the current prices, we won't get enough space for the upward movement.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
I would like to wait for a retest of 0.90500 support one more time and a new reversal signal. After that, it will be possible to open a long position.
If we open a long position based on the current prices, we won't get enough space for the upward movement.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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