Wait For A Corrective Pullback Before Going Long on USDCHF

FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
This short-term uptrend in USDCHF is in the process of consolidating near it's highs of the past couple of days. We have seen two corrective pullbacks of 17% and one of 16% within this uptrend which has spanned 280 Pips.

We will be looking for a pullback of approximately 17% or approximately 50 Pips from the consolidation zone before initiating a Long position. This targeted purchasing area also coincides closely to the figure of 0.96000 which should act as support.

Targets are your call. Stops should be place 50- 75 pips lower from your entry price or just below an area of the chart which you think will act as support.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out