Kumowizard
Long

USDCHF - Chances for up-swing increased

FX:USDCHF   U.S. Dollar/Swiss Franc
85 1 1
Technically chances of a corrective move to 0,8820-0,8840 levels has increased. Daily Slow Stoch and MACD about to cross bullish , 4 Hrs DMI             bullish cross took place + weak Tenkan/Kijun buy signal. The question is what will the price at that critical support level do. Anyway, if we enter long here, it is more than 1:2 risk reward. Keep in mind, that until price trades in the bearish trend it is only a swing trade, not a strategic long.
Price target met at 0,8820. (please refresh the candles) I recommend to rebuy USDCHF on first correction down to 0,8770-80 range. USD in general can turn into a strategic long. Please see my post on EURUSD:
EURUSD - Days of USD bears could soon be over
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