USD/CHF Bullish Bounce Above 0.9970 Targeting D H5 Camarilla

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The USD/CHF has formed a bullish zig zag and we can see a potential bounce from the POC zone 0.9965-75.

If it happens watch for a close above D H3 camarilla pivot – 0.9982. That will confirm the bullish momentum which is piggybacked from higher timeframes. Target is 1.0019 D H5 Camarilla pivot point. A continuation above might spur another bullish bounce towards 1.0042.
However, a loss of 0.9940 might lead to a deeper retracement towards 0.9919.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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