USDCHF: Trend Reversal and Reasons to Buy

I think it is better to be on the bullish side if we talk about the USDCHF market.

The reasons are the following:
- the price tried to break the support zone and failed
- we got a reversal candlestick pattern
- we got a bullish candle confirming the price reversal
- we got a bullish divergence which tells us about a trend reversal
- RSI and MACD histogram confirmed the price reversal.

These signals allow us to buy with stop orders below 0.96130 as it is the local swing low. If you want to get an additional signal confirming the upward movement, it will be better to wait for a breakout above the local downtrend line.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.