OANDA:USDCHF   U.S. Dollar / Swiss Franc
Possible long opportunity on USDCHF

Price recently broke out of the descending channel and seems to be retest resistance of the descending channel (0.9140)

Checklist for entry:
- rejection at 61.8% fib level
- rejection at 4h EMA and descending channel resistance
- bullish confluence among MACD and RVI

Comments

oh sorry... wrong pair, I was talking about NZDCHF 😂😂😂😂
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You didn't see that this one is stuck in a bearish channel since February. it was on its way down and now it has reached the bottom of that channel. Wait to see if it now back up to the top of the channel or brakes because I think at some point it is going to break down
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