USDCHF reached an important confluence zone last week.
We see a nice intersection between a daily horizontal support and a
lower boundary of a falling parallel channel on a daily.
Analyzing 12H time frame, we can spot an inverted head and shoulders formation.
The neckline of the pattern was broken with a high momentum bullish candle on Friday.
It confirms the strength of the buyers and a highly probable bullish continuation.
Next resistance - 0.885
âĪïļPlease, support my work with like, thank you!âĪïļ
â
Join My Telegram Channel: t.me/VasilyTrading
âïļYouTube Channel www.youtube.com/c/VasilyTrader
ð°Instagram: www.instagram.com/VasilyTrader/ ð°
â Facebook: www.facebook.com/VasilyTrading/ â
âïļYouTube Channel www.youtube.com/c/VasilyTrader
ð°Instagram: www.instagram.com/VasilyTrader/ ð°
â Facebook: www.facebook.com/VasilyTrading/ â