Swiss rolling up

4 Jul 2022

This is a long term set up here on USD/CHF and the structure here on the daily TF is super Bullish. as you can see price action was straddling in a bullish channel before breaking out and creating new highs. Right now price is in a range and both the new higher high and higher low are being maintained. the green circle around current price action shows 1) bearish exhaustion in the daily zone 2) we can see the bullish engulfing that formed on Friday confirming respect for the current bullish structure and 3) we see a retest and rejection of the bullish channel that was broken. I am definitely bullish biased on this pair and will be looking for my buying opportunities on the lower TF. stay tuned for the follow up and entry updates