Outside Bar on USD/CHF

Outside Bar on USD/CHF

Last week the aggressive sales were observed on USD/CHF. At the moment, we do not exclude a technical correction. Near the local demand zone of 0.94400-0.94500, a number of Outside Bar patterns was formed, which indicates the power of buyers in the short term.

If the price fixes above the local resistance of 0.94750, you need to look for entry points to the market in order to open long positions. The closest target for profit taking is the local offer zone of 0.95200-0.95350. We recommend reducing risks. This transaction is countertrend.

by JustForex, 2017.07.24

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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