USDCHF - Long Position - Reversal at next support Long

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Oct 21, 2020 8:42 AM

USDCHF - Long Position - Reversal at next support

Price is hitting the second all time low in 2020, and since hasn't broken below since 2011. There is no real reason for price to break below this so the only way is up. I suggest selling out at 0.91570

Support and Resistance

Comments

RossTyler

⋅ Oct 21, 2020 8:52 AM

Nice idea, let's see if it plays out. I can't help but feel the US stimulus and elections are causing all sorts of unusual moves in the market.