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ForecastCity
Aug 3, 2020 1:34 PM

Don't miss the great buy opportunity in USDCHF Long

U.S. Dollar/Swiss FrancFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9165). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.

Take Profits:
TP1= @ 0.9260
TP2= @ 0.9362
TP3= @ 0.6937
TP4= @ 0.9455
TP5= @ 0.9585

SL= Break below S2

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Comments
hubertamarfio
I am new here and I want to know if it could the break below 0.912 could make it a sell?
ForecastCity
@hubertamarfio, Yes, That's correct. 👍
hubertamarfio
@ForecastCity, thanks.
ForecastCity
Kristalyn
Well done!
Josef_anderson
I appreciate your analysis. Well done!
ForecastCity
@Josef_anderson, Thanks. 💎🙏💎
Kamryn
Thanks a lot!
ForecastCity
@Kamryn, You're welcome. 💎🙏💎
fxniki
Good Choice. 👍 I agree with your idea. Also, It's a unique forecast. Also, choosing a trading strategy that covers both directions is such a vise.
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