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USDCHF, H4 Bullish Pressure

 

Preferred Case:

Price has broken above the triangle pattern showing a potential bullish momentum. We are expecting price to push from the pivot level ( in line with 61.8% Fibonacci extension) towards the 1st Resistance in line with 78.6% Fibonacci extension. Our bullish bias is further supported by the price holding above the 100 period MA and RSI indicator abiding to an ascending trendline.

Alternative Case:

Alternatively. Price Might Reverse All The Way Down To The 1st Support In Line With 78.6% Fibonacci Retracement.

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