USDCHF : Weekly Analysis

The large engulfing candle rejected from major resistanceDaily chart PLAN A&B

A. Bullish

–   wait for reversal pattern (hammer or bullish engulfing)  at support zone again to confirm the bullish signal

–   Target at  1.0239 or 1.0326

B. Bearish

–  break below 0.9842 could target 0.9473




Warning: Before any investment in Forex you need to carefully consider your targets, previous experience, and risk level. FX trading can result in the loss of your money, therefore, you should not invest capital that you cannot afford to lose.