AlexBx
Short

USDCHF looks interesting now

FX:USDCHF   U.S. Dollar / Swiss Franc
27 0 1
Hello there, traders!

First of all, there is a nice pin bar on our H4 chart and RSI is overbought. We are at resistance area of 0.9800

Secondly, if we have a look at W chart, the week before drow huge Bearish Engulfing Bar that did not result any momentum continuation yet. The retracement of this week can be a good entry point for taking on board Weekly BEEB with reasonable risk.

Currently I am following two trading plans for USDCHF:

1. The one you see on chart here

2. Weekly timeframe:
Entry @Current price level
SL @0.9960
TP @0.9580
Comment: H4 Trade stopped out.

Have remaining weekly trade, will see how it goes.

Cheers
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