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rauan
Feb 11, 2016 10:41 AM

USDCHF 0.9670 to 0.9970 Long

U.S. Dollar/Swiss FrancFXCM

Description

USDCHF on 4H timeframe has tested the crossing of descending violet trendline from 11.Aug high and ascending yellow line from 18.Jun low.
Rebound from the mentioned level indicates possible mid-term long trade targeting 0.9970-1.0000. First target is set below Dec'15 low at 0.9770.

Entry point is exacted with intraday trendline on 15M timeframe. Stop-loss set at 0.9620.

Trade active

First target 0.9770 reached this morning.
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