UGTraders

USDCHF - Retracement!

UGTraders Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Hello my dear friends,

USDCHF is showing withdrawing of momentum along with resistance level which suggests a very likely bounce back of prices.


Use this trendline as your entry point and target lower levels.

Of course as an alternative scenario, if prices consolidated then went back to penetrate the resistance level, I'll update this idea.

Good luck and to be updated...
Comment:
No we're turning into the alternative scenario, I'll update with targets
Comment:
Comment:
Use this trendline as a protector of your trade.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.