I wrote about EURUSD in my previous post with view that EURUSD could see 1.3050.
USDCHF is usually regarded as the sister of EURUSD, where if EURUSD is down, USDCHF could be up.
Let’s check USDCHF technical picture.
Big Picture Planning
A potential 1234 monthly in the making, price suggests WR, but F6 trigger has not happened yet
Key levels and a bullish weekly candle
1234 in H4, WRMB with the trend is an early trigger. Currently price has expanded above 3 boxes high. Another retracement in 1234 offers a reentry possibility
Update on 27 Aug 5.00pm by Binni Ong
I wrote above on 23 Aug 2014
Another retracement in 1234 offers a reentry possibility
TX auto alert on 26 Aug
TX auto will be your retracement in 1234, which offers you the reentry possibility!
Today, price reached high of 0.9184, which was the first level of resistance I pointed out (F3)
Here for the chart with resistance levels again on USDCHF