USDCHF – Buyers might just started the flow

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USDCHF – Buyers might just started the flow

Trend: Strong Buy

Support/Resistance:
R3: 0.98285
R2: 0.97969
R1: 0.97819
S1: 0.97688
S2: 0.97481

Price action:
At the moment USDCHF is still very bullish, but from fundamental reasons, we cannot say that this will move on tommorow. (Still can).
Overall perspective on this trade is very bullish, after buyers will break first resistance level. After that we can expect potencial target following (RECOMMENDED) exact levels on Custom Indicator and after breaking second resistance we can expect price to hit 0.98285 resistance level.
If buyers will not be able to continue long position then sellers might retrace to lower point such is 0.97481 support level.

Potencial trade idea:

Bulls targets:
T1: 0.97969
T2: 0.98285

Bears targets:
T1: 0.97481

NOTE – We are trading USDCHF via the preferred trading setups

Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

Good trading!

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