As you see in the 4H time frame, after a significant drop, price entered to a consolidation area in the form of a rectangle pattern.
Currently, the rectangle pattern has been broken to the upside and a strong 4H bullish candle has been closed above it.
The current candle has broken the previous candle’s high and that’s where I entered a buy position. I expect a rise on USDCHF towards the green resistance level around 0.9540
Currently, the rectangle pattern has been broken to the upside and a strong 4H bullish candle has been closed above it.
The current candle has broken the previous candle’s high and that’s where I entered a buy position. I expect a rise on USDCHF towards the green resistance level around 0.9540
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