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theforexarmy

USDCHF approaching major support, prepare to buy

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
theforexarmy  
FX:USDCHF   U.S. Dollar / Swiss Franc
usdchffib usdchfwavecount usdchfforecast usdchfprediction usdchfoutlook usdchfsignal usdchftrade usdchfweekly USDCHF usdchfshort usdchfidea usdchfdaily usdchfnews usdchflong
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usdchffib usdchfwavecount usdchfforecast usdchfprediction usdchfoutlook usdchfsignal usdchftrade usdchfweekly usdchf usdchfshort usdchfidea usdchfdaily usdchfnews usdchflong
Buy above 1.0033. Stop loss at 1.0000. Take profit at 1.0090.
Reason for the trading strategy (technically):
Price is approaching major support at 1.0033 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect to see a bounce towards at least 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) is approaching our long term ascending support where we expect a bounce from.
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