USD/CHF: Price is retracing inside the Weekly AB Boundary and therefore

Tian Kriek

Analyst


April 21, 2021 01:04 PM

BEARISH

Daily Trading Range:
USD/CHF: Price is retracing inside the Weekly AB Boundary and therefore the Direction of Highest Probability is Bullish. There is also an UP ABCD swing on the Daily chart but due to the fact that there is no .382 retracement I think the Bullish move will be limited to the Fib 1.27 extension at 0.9544 about +255 pips away Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/aod-ny-workspaces-21-apr/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.9960
Resistance 2: 1.0000
Resistance 1: 1.0300
Current Price 0.9172
Support 1: 0.9600
Support 2: 0.9500
Support 3: 0.9000

Two Hour Chart

Two Hour Chart
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