USD/CHF Analysis :
USD/CHF has moved in an Uptrend by forming Higher Highs and Higher Lows.
1. Breakout happened at the bottom level of the Uptrend range line.
2. USD/CHF re-tested the breakout level and starts to move down
Education note :
Uptrend = Higher Highs and Higher Lows
Downtrend = Lower Highs and Lower Lows
Why Re-testing the Breakout Level is more important ?
After market Breakout from the range, As per our breakout strategy, If market again Re-tested the previous Breakout level and starts to bounce back, then we can expect big and sharp movements from that Breakout level. This is what happened in this USD/CHF.
If you are interested to receive more forex signals and analysis, you can subscribe to premium or supreme service here : forexgdp.com/forex-signals
If you are interested to learn our forex trading Strategies, please click here to contact now.