Nice idea on USDCHF, and there may be bullish potential as you have identified by going long. For our set up, we’ve identified key support and resistance levels. The 1st support that we have identified is at 0.9862 has is a horizontal overlap support and 23.6% Fibonacci retracement. Stochastic is bouncing off its support where a corresponding rise in price could occur. Our major resistance level is found at 1.006 and is consists of a horizontal swing high resistance, 61.8% Fibonacci extension and a 76.4% Fibonacci retracement.
Please have a look at our idea and we would like to hear your thoughts.
Please have a look at our idea and we would like to hear your thoughts.