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.

Open Account

Get Free Analytics

* required fields
Last Articles
All Articles
Full Guide to Forex Trading in Nigeria
In Nigeria, Forex trading is skyrocketing because many people move to this market. It enables the Nigerian economy to develop. Therefore, many people ask whether it's easy to trade in Nigeria or not. So, let's consider all the particularities of Forex trading in Nigeria.
Read more
The Best Time to Trade USD/CAD
The US dollar and Canadian dollar form one of the most popular currency pairs. It represents a significant quota of daily trade. It's popular among both professionals and ultimate newbies.
Read more
Full Guide to Forex Trading in South Africa
Forex trading is a popular form of short-time investment and a source of additional or main income for many people all over the world. Forex trading is available in South Africa, but many potential traders just do not know how to make the first steps in this field. This full beginner’s guide explains the base of Forex and its key terms.
Read more