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Fxprotrader
Jul 5, 2016 6:17 AM

USDCHF Watch For A Buy Setup At This Zone Long

U.S. Dollar/Swiss FrancFXCM

Description

Price is moving into a correction after an impulsive up wave and is now heading south at level where we might have a reversal. In this zone price will have to test a set of supports like the lower parallel of a channel, the 0.618 fib level of the impulsive up move and previous structure suppport (look left).

If price reaches this zones we should watch for a buy setup.
Comments
xiiimik
It might find a support there like you showed. But what will drive it so high?
xiiimik
It might be HandS on daily.
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