Hello Members,
Here is another idea for USDCHF, but for a long position. I will be watching this pair for signs of a reversal to place a long position at the indicated level. If the market can show signs of a reversal in the indicated area, we will have a lot of support for price to activate a buy stop at the entry level. This analysis is very similar to my DXY idea due to the correlation. Please see the chart for details. As always, Thanks for checking out my ideas and please comment and like.
Here is another idea for USDCHF, but for a long position. I will be watching this pair for signs of a reversal to place a long position at the indicated level. If the market can show signs of a reversal in the indicated area, we will have a lot of support for price to activate a buy stop at the entry level. This analysis is very similar to my DXY idea due to the correlation. Please see the chart for details. As always, Thanks for checking out my ideas and please comment and like.
Comment:
Price is starting to show signs of a reversal. I will place a buy stop if price can successfully close above yesterday's high.