Inside Bar on USD/CHF

Inside Bar on USD/CHF

At the moment there are aggressive sales of USD/CHF. It is not excluded a further drop in quotations. Near the "mirror" resistance level of 0.93700, the classic pattern of the Price Action, Inside Bar, (H1 timeframe), which is a continuation of the current trend, was formed. The trading tool is testing the key 0.93400 support. We recommend you to pay attention to this situation.

If the price fixes below the 0.93400 mark, you need to look for entry points to the market to open short positions. The immediate goal of fixing profits is a round level of 0.93000. In the medium term, the USD/CHF currency pair may reach the level of 0.92600-0.92500. When following the positions, we recommend using a trailing stop.

by JustForex, 2018.02.13

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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