Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

USD/CHF: Corrective Channel Break

Published 06/25/2015, 12:42 AM
Updated 05/14/2017, 06:45 AM

USD/CHF – Corrective Channel Break Holding (4hr chart)
Yesterday in the members trade setups commentary, we talked about the USD/CHF breaking the corrective channel, and that this would likely lead to a bullish move from here.

We suggested buying on a pullback between 9250 and 93. As you can see from the chart below, this is exactly what happened as the pair hit an intra-day low of 9280 before bouncing solidly.

Weak pullbacks into the channel top and today’s lows may be a 2nd opportunity to buy. A solid bounce from here would put pressure on 9475 and just shy of 95.

A break below yesterday’s lows and into the channel would create a neutral to slightly bearish bias ST.

USD/CHF 4-Hour Chart

Original post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.