USDCHF – Longs in play

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

The USDCHF is traded for more than a week in a short term range in between 1.0222 and 1.0077, it was trading near a long term support level, but earlier this morning the USDCHF broke through the ST resistance level triggering a bullish market condition:

USDCHF

Only long opportunities are in play. The next LT resistance level in the USDCHF is at 1.0497

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Raul Lopez
Forex Training

USDCHF analysis

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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