Inside Bar and Outside Bar on USD/CHF

Inside Bar and Outside Bar on USD/CHF

On the USD/CHF currency pair, the bullish sentiment prevails for quite a long time. The current technical pattern indicates further growth of quotations. A number of classic patterns of the Price Action, Inside Bar and Outside Bar, (H4 timeframe) were formed on the trading instrument. At the moment, the price is testing the local resistance of 1.00250. We recommend you to pay attention to this situation.

If the price fixes above 1.00250, it is necessary to consider buying USD/CHF. The closest target for fixing profit is the level of 1.00750. In the medium term, the USD/CHF currency pair may reach the level of 1.01000-1.01250. When tracking the position, we recommend using a trailing stop. Confirmations and entry points to the market should be looked for on the lower timeframes.

by JustForex, 2017.11.01

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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