Outside Bar And Pin Bar On USD/CHF

In the near future, purchases may prevail on the USD/CHF currency pair. Near the key support level of 0.98500, a number of classic patterns of the Price Action called Outside Bar and Pin Bar methods were formed, which indicate the growth of the USD/CHF quotes. At the moment, the price is testing around level of 0.99000. We recommend you to pay attention to these patterns.

If the price fixes above 0.99000, it is necessary to consider buying USD/CHF. The closest goal of fixing profits is the "mirror" resistance level of 0.99400. The movement is tending to the offer zone of 1.00100-1.00300. When tracking the position, we recommend using a trailing stop. Confirmations and entry points to the market should be looked for on lower timeframes.