ItsAdam

USDCHF Buy Possibility

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is currently approaching my 50% fib zone where it interacts with a trendline from the daily time frame. A strong possibility of a reversal here for the long side. However, if broken and retested the blue trendline which is also from the daily trendline interacts with the 38.2% fib level where long side opportunities are likely. Candlestick confirmation will be used before entering any trades.