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spesfinancial

USDCHF Good long opportunity following a fake breakout

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
spesfinancial Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF
4
0
usdchf
Today we have a very strong candle which makes last two day's drop becoming a fake downside breakout. Tomorrow it is very like that price will keep rise to next resistance zone and even more. Wait a consolidation on 1 hour chart and look for long entry when European markets open. Same trading opportunity with EURUSD.
Comment:
snapshot
I'd not like to look for long entries neither on last Friday nor in coming days as there are some possible resistances above current price. However, EURUSD and some other USD main pairs may have good opportunities.

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