Time to show who the real daddy is

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USD has been under pressure from long now, but its now time for USD to shine again over CHF
a possible reversal is here on the cards for massive 400-500 pips in next 2 months.

a double bottom has been formed a small confirmation line of 0.8978 has been broken and held on 4H time frame 0.8995 and 0.901 are minor resistance. small qty can be bought here, wait for price to settle above 0.904 and time to go long for complete rounding bottom and what can be a right shoulder [check weekly] in USDCHF.

Targets mentioned below. I will keep updating the thread time to time.

Target 1: 0.9043
Target 2: 0.9080
Target 3: 0.9165
Target 4: 0.9245
Target 5: 0.927
Target 6: 0.9355
Target 7: 0.9395

possible targets only after 0.94 is broken, because of the resistance line that is coming from May 2019
Target 8: 0.947
Target 9: 0.954

the 2nd last target is based on the previous high of march and last because of the TL coming from August 2020, making a possible inverted head and shoulder [check weekly].

Thanks You

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ملاحظة

the small open position is still open, with update the stoploss soon, as of now it has created a double top pattern at 0.90004 and broken the neckline. if it hold below the neckline on hourly chart, i would be selling it again.

stay stunned with update the sell side entry, stop loss and possible targets