Recommendation:
BUY 0.9880
SL 0.9825
TP1 0.998 TP2 1.004
On the daily chart, USD/CHF completely formed the “Dragon” pattern. After it renewed the “Dragon’s head” and quitted the descending trade channel, we are certain that bulls have the initiative. They unfolded the long-term trend and are ready to continue the rally at least until 224% target of AB=CD.
On H1, USD/CHF is forming «Spike and reversal with acceleration”. As long as it’s staying above 0.9770-0.9800, bulls will remain control.
