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VladimirRibakov
16. Mrz. 2021 12:25

USDCHF Buy Idea From Key Support Zones Long

USD/CHFOANDA

Beschreibung

D1 - Bullish trend pattern. Currently, it looks like a correction is happening.

There are no signs that show this bullish trend is over yet.

H4 - Currently it looks like the daily correction is happening in the form of double wave down.

We have two key support zones that have formed. The first zone is formed by the 61.8%, 100% Fibonacci expansion levels of the first wave and the 23.8% Fibonacci retracement level of the daily bullish trend pattern.

The second zone is formed by the 161.8% Fibonacci expansion level of the first wave and the 38.2% - 50% Fibonacci retracement levels of the daily bullish trend pattern.

Until both, the key support zones hold my view remains bullish here.

Kommentar

The price action followed my analysis and moved higher from the first support zone providing a fantastic move to the upside!
Kommentare
Gorge_patison
Nice analysis
VladimirRibakov
@Gorge_patison, thank you
ProjectSyndicate
great setup, let's get that pullback and reload, looks good!
VladimirRibakov
FTUKcom
Nicely Explained.
VladimirRibakov
@Forex-Traders-Uk, thank you
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