Hello Price Action Traders.
The USD/CHF is pushing up after the double bottom formation that took place in April. The Swissy is trading above the 21 EMA that corresponds with the support level at 0.89220. The weekly candle closed below the previous week high and formed an Inside Candle, a price action signal. We would expect a continuation of the trend therefore the breakout of the previous candle could be an opportunity for a buy.
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Luigi, professional trader member of Hereforex.com