thabang860

USD CHF " Long " Perfect Combination of Fibonacci And Resistance

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Here We have a potential Buy For USD/CHF Using our Fibonacci On the Daily it gave us a blueprint of the market to where its at and where it once to go. Once we placed our Fibonacci we moved to the H4 to get an even more clear picture of what is currently happening the market. To begin our analysis we plotted our key levels of support and resistance. And as we can see we have to confluences with the Fibonacci and a strong resistance that the market could potentially bounce off the 38 or the golden ratio and reverse back into a Buy , we will be using the 15m to place our entry once the market shows us signs of a potential reversal. And with the RSI telling us the market is near oversold we can use that as another confirmation to look for that buy.
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