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Snick3rSD
Mar 30, 2024 8:34 AM

USDCHF - Confluence for a long ✅ Long

U.S. Dollar/Swiss FrancFXCM

Description

Hello traders!
‼️ This is my perspective on USDCHF.

Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I have a point of interest where there are confluence arguments for a long position, this one is if price fills the imbalance lower and rejects from S/R zone + FIBO 0.5 level + institutional big figure 0.89000.

Fundamental news: Next week on Friday we have NFP and Unemployment Rate in USA, news with high impact on USD. As well, on Thursday we have monthly CPI on CHF.

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Comments
JoeChampion
May start rising even earlier. CHF now is the weakest currency with SNB being so dovish!
Snick3rSD
@JoeChampion you are right
TheFxAce
Investing now seems like a good decision based on the trends you highlighted.
Snick3rSD
@TheFxAce, thanks
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