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FxWirePro: USD/CHF forms bullish BAT pattern, good to buy at dips

Harmonic Pattern formed- Bullsih BAT patternPotential Reversal Zone (PRZ)- 0.9680. USD/CHF has retreated after making a high of 0.9810 on Monday and declined till 0.96870 yesterday. It is currently trading at 0.97125. Sh…

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FxWirePro: USD/CHF forms bullish BAT pattern, good to buy at dips
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Harmonic Pattern formed- Bullsih BAT pattern

Potential Reversal Zone (PRZ)- 0.9680.

  • USD/CHF has retreated after making a high of 0.9810 on Monday and declined till 0.96870 yesterday. It is currently trading at 0.97125.

  • Short trend is still bullish as long as support 0.9660 holds.

  • Any break below 0.9660 will drag the pair further down till 0.9635/0.9595.

  • On the higher side major resistance is around 0.9750 and break above would extend gains till 0.9780/0.9820.

  • Further bullishness only above 0.9850.

It is good to buy at dips around 0.9690 with SL around 0.9660 for the TP of 0.9780/0.9815

 

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