Hey guys,
As you know I have been bullish on USD/CHF for quite a few weeks now.
Let me show you something interesting.
If you use MP analysis, you can see that the clusters which have the most volumes (the green and red lines) have been successfully tested by the daily candles multiple times. These clusters acted as resistances and are now supports.
The day is not over yet but we have a nice bullish candlestick pattern in place.
I have added to the chart the next resistances the pair will encounter. Once this first resistance is broken I am expecting a breakout of the pair to reach the 0.97 level. This is a projected target from the lows and the highs of the current structure (around 280 pips).
Trade with care guys.
Any comment/like is highly appreciated !
Cheers
Jesse
As you know I have been bullish on USD/CHF for quite a few weeks now.
Let me show you something interesting.
If you use MP analysis, you can see that the clusters which have the most volumes (the green and red lines) have been successfully tested by the daily candles multiple times. These clusters acted as resistances and are now supports.
The day is not over yet but we have a nice bullish candlestick pattern in place.
I have added to the chart the next resistances the pair will encounter. Once this first resistance is broken I am expecting a breakout of the pair to reach the 0.97 level. This is a projected target from the lows and the highs of the current structure (around 280 pips).
Trade with care guys.
Any comment/like is highly appreciated !
Cheers
Jesse
