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MEX_Exchange

USDCHF right on major support, time to start buying

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
MEX_Exchange  
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns USDCHF USD chf usdchfanalysis usdchfshort usdchflong usdchfidea Forex forextrading
4
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trendanalysis harmonicpatterns chartpattern usdchf usd chf usdchfanalysis usdchfshort usdchflong usdchfidea forex forextrading

Buy above 0.9672. Stop loss at 0.9627. Take profit at 0.9758.
Reason for the trading strategy (technically):
Price is right on major support at 0.9672 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a major bounce above this level to push price up to at least 0.9758 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees major support above 42% where we continue to holds our bullish bias as long as it remains above the support.
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