USDCHF H4 | Bulls aim higher
Title:
USDCHF H4 | Bulls aim higher
Type:
Bullish bounce
Preference:
The price could fall towards the pivot at 0.8258, which is a pullback support. A bounce from this level could lead the price toward the 1stresistance at 0.8377, a resistance level near the 61.8% and the 100% Fibonacci projections.
Alternative Scenario:
If the price breaks below the pivot, it could rise to the 1st support at 0.8173, a pullback support.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.