BTC $63,431.00 ▲ 0.65% ETH $1,874.92 ▲ 0.32% USDT $0.9992 ▲ 0.00% BNB $584.12 ▼ 1.16% XRP $1.08 ▲ 1.75% SOL $73.39 ▲ 0.62% DOGE $0.0703 ▲ 0.41% SHIB $0.00000498 ▲ 3.05% PEPE $0.00000292 ▲ 4.76% BTC $63,431.00 ▲ 0.65% ETH $1,874.92 ▲ 0.32% USDT $0.9992 ▲ 0.00% BNB $584.12 ▼ 1.16% XRP $1.08 ▲ 1.75% SOL $73.39 ▲ 0.62% DOGE $0.0703 ▲ 0.41% SHIB $0.00000498 ▲ 3.05% PEPE $0.00000292 ▲ 4.76%
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Piyasa Stablecoin

USDCHF - BULLISH BIAS

USDCHF - BULLISH BIAS

USD/CHF OANDA:USDCHF

USDCHF - BULLISH BIAS

~ WEEKLY - We can see price breaking the neckline of a H&S pattern, and coming back to retest it. Price has also been moving above the EMA, giving us another signal of a continuation of the uptrend.

~ DAILY - We wait for price to pull back to the AOI which is a strong fib level, psychological level and most importantly, multiple rejections making it a strong support level.

Overall, I have a bullish bias based on the Weekly timeframe.

As price moves down to my level, I will wait for my confirmations across multiple timeframes and see how price reacts.

#forextrading #tradingeducation #swingtrader #tradingstrategy #mjswings

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