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MattsActionPlays
Nov 25, 2016 1:04 AM

USDCHF Long

U.S. Dollar/Swiss FrancFXCM

Description

Overall bias looks bullish H1, H4. Watching the current support levels, sitting at the .382 retracement from the swing low move of 11/23 to the swing high crossing into the 11/24. Will wait for the retracement to complete or a test of previous lows and if support holds will look for an entry and a re-test of strong resistance, 1.0229 marked as the upper red line. Both RSI and both MA are looking promising to long.
Comments
MattsActionPlays
Dropped below trend line, will await the .618 test, a previous resistance. Dont believe this to be a reversal just a slight retracement and break of trend.
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