On the USD/CHF daily chart, after a short consolidation, there was a long-awaited correction towards the uptrend.
The outlook for this currency pair is still bullish, so, the rollbacks can be used for the opening of long positions.
We may wait for the upward movement if target 161.8% in the “Crab” inverted pattern is fulfilled.
On the USD/CHF hourly chart, “bears” are gathering momentum for an attack on the diagonal support in the form of the lower boundary of the upward trading channel. If the support is tested successfully, it will increase risks of implementation of 88.6% and 113% targets in the “Shark” pattern.
Recommendations:
BUY 1,0015 SL 0,9960 TP 1,02,
BUY 0,996 SL 0,9905 TP 1,02.
Origin: FX BAZOOKA
