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Daily Forex Chart Art - Oct. 12, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CHF: 1-hour Anyone gutsy enough to take a countertrend play? Then lemme turn your attention to this channel bounce that might take place on the 1-hour forex chart of USD/CHF. The pair has been moving in a downtrend but is currently testing the bottom of the descending channel, which might hold as a floor and allow price to move back to the top at the .9700 major psychological mark. To sweeten the deal, price formed lower lows while stochastic made higher lows, creating a bullish

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