USDCHF: Buy Opportunity Based on Trend Reversal Signals

The market should be added to a watchlist as we can get a buy opportunity. The price reached the support zone one more time. The price action here will tell us about further market movements. The breakout below 0.96500 won't be so interesting for us. But we will be able to get a double top or a bullish divergence. These signals will tell us about the trend reversal. If so, we will be able to buy with stops below the local swing low and profit targets at SMAs and 1.0000 resistance.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.

評論:

The price broke the support. If we talk about bullish signals we need a false breakout or a bullish divergence.