USDCHF - BULLISH BIAS
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.
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