TradingView
beaurond_fx
Dec 18, 2018 8:33 AM

USDCHF - 60 MIN - LONG  Long

U.S. Dollar/Swiss FrancFXCM

Description

ENTRY : MARKET PRICE
SL : AS PER TRADER RISK MANAGEMENT
TARGET : 0.99762
Comments
ICmarkets
Nice idea on USDCHF and there may be bullish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first support that we have identified is at 0.9909 (100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal overlap support, which is below your support level. Stochastic is approaching its support at 4.6% where a corresponding bounce could occur. If a bounce does occur, we may look at the 0.9946 resistance level (50% Fibonacci retracement , horizontal swing high resistance). Please have a look at our idea and share with us what you think.


More