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ForecastCity
Jan 11, 2021 4:23 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 (0.8885). 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 60.

Take Profits:
TP1= @ 0.8925
TP2= @ 0.8950
TP3= @ 0.8980

SL= Break below S2

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Comments
sofi_Morphy
Good analysis, simple & clear.👍
ForecastCity
@sofi_Morphy, Thank you for your comment. We appreciate it 🌹
Lizabet
I'm so grateful for your help. perfect analysis.
ForecastCity
@Lizabet, Thank you for your comment.
Kamryn
Thanks. please keep posting the amazing ideas here. 👍
ForecastCity
@Kamryn, You're welcome. 👍
Josef_anderson
You had anticipated the direction so right. I should always keep an eye on your ideas.
ForecastCity
@Josef_anderson, We're glad you like it. 👍
Kristalyn
It's very helpful. Cheers 👍
ForecastCity
@Kristalyn, Cheers 👍
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