USDCHF: Trade Opportunities at Support

The price reached the support zone in the daily timeframe. What does it mean for us?

We have to expect a reversal with a further upward movement. It means we can use the daily and hourly timeframes with the exact reversal signals for buying.
MACD histogram and RSI confirmed the price reversal.

If the price tries to break the support zone, we will be able to use a false breakout for buying as well.
If the price breaks the support zone and retests it as new resistance, we will be able to search for possible trade opportunities for shorting.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.