USD/CHF
The main trend of the pair is an uptrend, after it crossed above a descending line, of the previous downtrend, as we can see on a daily chart:
What next?
We are waiting that the pair to make a technical correction down, to re-test the area that was broken on the way up.
This area should be around the levels of 0.9800 – 0.9750.
From there we will be looking for a bullish pattern with a bullish divergence, this will be the signal for us to enter with another wave on the way up.
For Forex traders:
Buy between the levels of : 0.9800 – 0.9750
Stop loss point : 1.0000
Take profit point : 0.9700
For Binary options traders:
A call option between the levels of : 0.9800 – 0.9750.
Expiry time : The end of May.
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