Currently, USDCHF is controlled by bullish sentiment. We have been in a daily uptrend. However, we had a break of the daily trendline on 17th October 2019. Price has retested the trendline twice showing that there is a lot of buyers in the market. We have found support at the 0.985 area which is in line with the minor trendline , indicating liquidity grab to further push this currency to the upside. We are now looking to target the previous high as there is a lot of confirmation of buyers in this market. We also have an inverse H&S pattern on the 4HR timeframe. We are targeting a yield of 1%.
Trade closed: target reached