USDCHF: Long term bullish, short term bearish! ^^
In the weekly chart we see a clear pattern. In the beginning this has been a downtrend with a clear pullback.
Then it has become an uptrend from the lowest low, with two pullbacks. There is currently a lot of resistance at 1.00200 where it has already been refused 4 times.
I therefore do not expect that it will break through now, which will result in another pullback indicated with the red line to W.
That is why I say on the one-month term: go short. And in the 3-month period: go long.
Then it has become an uptrend from the lowest low, with two pullbacks. There is currently a lot of resistance at 1.00200 where it has already been refused 4 times.
I therefore do not expect that it will break through now, which will result in another pullback indicated with the red line to W.
That is why I say on the one-month term: go short. And in the 3-month period: go long.
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