Hello everybody!
-On a 1-hour chart, we can see that the price reached the support area and we can see that the price is forming bullish engulfing so we may have very nice bullish setup.
-On a stochastic indicator, we can see that the price is in an oversold condition and that is an additional confirmation to take a long position.
-On a 4-hour base, USD and CHF are at a similar level but on a 1-hour, USD is stronger than CHF.
-If USD remains stronger than CHF then we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 1-hour chart, we can see that the price reached the support area and we can see that the price is forming bullish engulfing so we may have very nice bullish setup.
-On a stochastic indicator, we can see that the price is in an oversold condition and that is an additional confirmation to take a long position.
-On a 4-hour base, USD and CHF are at a similar level but on a 1-hour, USD is stronger than CHF.
-If USD remains stronger than CHF then we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.