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Forex48_TradingAcademy
May 4, 2023 11:50 AM

USDCHF Long Setup  Long

USD/CHFOANDA

Description

On USDCHF, we have a price that has returned to the 0.883 area after almost 2 years. I have highlighted a demand zone within which the market has created an additional support zone that could be the entry point for a long trade that I partially set up. Risk-reward ratio is 1:12.
Be aware that the ECB press conference will take place in less than an hour.

Let me know what you think.

Good trading to all.

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