Thursday, October 15, 2026

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

Harmonic pattern formed – Bullish Gartley pattern Potential Reversal Zone (PRZ) – 0.9900 USD/CHF forms Bullish Gartley Pattern in the hourly chart with PRZ at 0.9900. The pair declined till 0.99299 and slightly recovered…

By FxWirePro Team
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FxWirePro: USD/CHF forms Bullish Gartley pattern, good to buy on dips
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  • Harmonic pattern formed – Bullish Gartley pattern
     
  • Potential Reversal Zone (PRZ) – 0.9900
     
  • USD/CHF forms Bullish Gartley Pattern in the hourly chart with PRZ at 0.9900. The pair declined till 0.99299 and slightly recovered from that level.
     
  • The minor weakness can be seen below 0.9900 and any break below will drag the pair till 0.9860 (200- day MA)/0.9790.
     
  • On the higher side, 21- day MA will be acting as immediate resistance and any break above this level will take the pair till 1.00450/1.0070 level.
     
  • Short term weakness only below 0.98600 level.

    It is good to buy on dips around 0.9950-55 with SL around 0.9900 for the TP of 1.0000/1.00445

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By FxWirePro Team