Daily chartВ
The USD/CHF declined the first day of this week a little more than 20 pips from its point of initiation closing below the level of 50.00 of Fibonacci. The closing price was very close to the 3/8 line (green line), but apparently the bears had no more strength to carry the lowest price.
Therefore, at this time it appears to have taken control of bulls. In addition to the formation of the previous candle, we have a hammer, our suggestion for the next few days is to buy above 0.8972.
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4-hour chartВ
In theВ figure of 4 hours we see clearly an area of highВ resistance in the area that share the first daily and weekly support in addition to the line 3/8 of g, Murrey J, which as we know comes to be the basis of its trading range.
Therefore, even buying at current levels, we could take a maximum risk of about 80 pips for a possible gain of 150 pips in the medium and long term which would be a risk of 2 to 1.
In addition to the extent that price exceeds 0.9010 could go by moving our stop loss with an average of about 30 pips of trailing stop.
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1-hour chartВ
FinallyВ in the graph of 1 hour, we note that the USD/CHFВ slowly ascend above its trend line and is already at the time of this analysis at 0.9000.
This price is an important psychological level, we can expect that the pair continue its upward climb above current levels.
Finally in the second window we have the oscillator trend returning from a level of oversold signals and showing us upward move.
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