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FxWirePro: USD/CHF forms Bullish ALT pattern, good to buy on dips

Friday, June 23, 2017 10:00 AM UTC

Harmonic Pattern formed- Bullish Alt pattern
Potential Reversal Zone (PRZ) - 0.96850
USD/CHF has formed bullish Alt pattern in the 15 min chart and intraday potential reversal zone (PRZ) is around 0.96850. The pair formed a minor intraday low of 0.9685 and jumped till 0.97155.
Overall trend is still bearish as long as resistance 0.9808 holds.
On the lower side, major intraday support is around 0.9685 and any break below will drag the pair till 0.9645/0.9614.
Any break above 0.9808 will drag the USD/CHF till 0.9845/0.9900.

It is good to buy on dips around 0.9705 with SL around 0.9680 for the TP of 0.9765/0.9770.

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FxWirePro: USD/CHF forms Bullish ALT pattern, good to buy on dips

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