FxWirePro: usdchf trade idea
Source: FxWire Pro - Technicals / 18 Oct 2018 08:40:53 America/New_York
Chart pattern- Flag
USDCHF has broken major Flag pattern resistance 0.99200 after a long consolidation. The pair was trading between 0.99553 and 0.98478 for past one week. It hits high of 0.99593 and is currently trading around 0.99371.
The near term resistance is around 0.9960 and any break above targets 1.000/1.00680.
On the lower side, any major weakness cane be seen only below 0.98500 and convincing break below targets 0.9780/0.9720.
It is good to buy on dips around 0.9920-25 with SL around 0.9850 for the TP of 1.00680
R2 - 1.000
S3- 0.9725© FxWire Pro 2019. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.