My Thought is USDCHF is at the end of down trend and with strong pin point candle has 3 target which is going to toch step by step.
Trade active:
I believe that USD/CHF is currently at the end of a downtrend, and recent price action, particularly a strong pin bar candle at the end of AB=CD which extent to the one of the most important Fibo level also monthly low, signals a potential reversal. The presence of this robust candlestick suggests a shift in market sentiment, possibly indicating the exhaustion of the downtrend.
In my analysis, I have identified three potential target levels that USD/CHF may touch in a step-by-step manner. These targets are strategically chosen based on key support and resistance levels, trendline considerations, or other technical factors. I anticipate that as the price progresses, it will encounter these predefined targets, each representing a significant level of interest.
This analysis is subject to market conditions and should be complemented with ongoing monitoring for confirmation of the anticipated reversal. It is essential to adapt the strategy based on real-time market dynamics and be mindful of potential risks. I am closely watching the price movements and will adjust my approach accordingly as the trade progresses.
Warning: Remember, trading and analysis involve risks, and it's crucial to use risk management strategies and stay informed about the market conditions.
In my analysis, I have identified three potential target levels that USD/CHF may touch in a step-by-step manner. These targets are strategically chosen based on key support and resistance levels, trendline considerations, or other technical factors. I anticipate that as the price progresses, it will encounter these predefined targets, each representing a significant level of interest.
This analysis is subject to market conditions and should be complemented with ongoing monitoring for confirmation of the anticipated reversal. It is essential to adapt the strategy based on real-time market dynamics and be mindful of potential risks. I am closely watching the price movements and will adjust my approach accordingly as the trade progresses.
Warning: Remember, trading and analysis involve risks, and it's crucial to use risk management strategies and stay informed about the market conditions.