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

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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