USDCHF is near to the higher low area of the uptrend line and the horizontal support area (old resistance = new support).
USDCHF has reached the higher low area of the Ascending channel in the 1-hour timeframe chart.
After the confirmation of the Upward movement, USDCHF Buy signal given.
USDCHF has broken and retested the ascending channel in the 1-hour timeframe chart which leads to the SL price. But USDCHF is still consolidating near to the low level in the higher timeframe chart.
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