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Denis_Chshipkov1
Mar 26, 2020 10:21 AM

USDCHF idea buy Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF idea buy
I still expect a long
A triangle formed and I'm waiting for the exit up + on the daily chart a drop in volumes.
Target 1 - 1.00200
But there is an alternative : if the price breaks the triangle and the trend line down.
After the decline in prices I will expect the following targets:
Alternative target buy :
Target 1 - 1.00200
Target 2 - 1.02330
Target 3 - 1.03350
Comments
FXCM
Hmmm. good call on the alternative! But how low do you think it would drop before pursuing a rise again?

We think that USDCHF may drop towards the 0.95488 level.
What do you think?
Denis_Chshipkov1
@FXCM, My alternative with growth is also around this price, I completely agree. An alternative with a big drop iis still possible if the dollar index starts to global fall.
transparent-fx
I have this overall MTA for it
ProjectSyndicate
well done. this is great. nice summary.
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