USDCHF – Bullish, long trades in play

Written by Raul Lopez on . Posted in Trades & Analysis.

If you take a look at the USDCHF daily chart, you’ll see that it got rejected from an important long term support level around 1.1013, this tells me that the USDCHF is likely to continue its way up until it hits the next long term resistance level around 1.1248.

In the short term charts, it is trading in a small range:

USDCHF
USDCHF

Right now, the USDCHF is in a bullish market condition, but if you want confirmation, wait until it breaks the HOPS1 level, then it will be in a very strong uptrend in the short term charts.

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Raul Lopez
http://www.protradingnow.com/

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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