Tuesday, 4 May 2021

Currency Pair Signal: Analysis

 ✍️ Further analysis USDCHF:

 - At the end of last week session, USDCHF currency pair closed with a bullish pinbar candle.  With this closing, in my opinion, the USDCHF is likely to be a recovery week this week.  So we will wait for the price to bounce back so we can establish a buy position on USDCHF.

 - Switching to a shorter time frame, H4, the possibility that USDCHF will bounce back around 0.9118 where we can establish a buy position with USDCHF with the nearest target of 0.9171, which is also the MA20 on the timeframe.  D1 daily chart.

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