USD/CHF broken the bottom, Re-tested, starts to fall down sharply.

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.

Thank you.
Regards,
Forexgdp Team.

instagram Follow on Instagram
YouTube Watch on Youtube
Blog Check our Blog
Facebook Become a fan on Facebook

 

FOREX GDP

Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.

FOREX GDP