davidleekuanyong

USDCHF preparing for uptrend

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
For the past few trading days, USDCHF trading above 0.992 support in the 4hr chart. Based on latest analysis, i believe USDCHF will uptrend towards 0.382 Fibo level with support at 0.992. If prices breaks below 0.992, it will invalid the uptrend analysis.

Uptrend targets are 0.382 level, 0.5 level and 0.618 level.
Trade active: I long at 0.99648.
Trade closed: stop reached: hit my cut loss 0.992 zone. Trade was closed on May 2.
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