As the price still in the downtrend continuation for USDCHF, I would say the price will be going further downside IF the current strong support been broken. But we need to see a clear break of the major support here to enter the short position. We could simply enter short entry on the retest of 0.90700 price. BUT, we can go for long if the price won't break that particular support. Wait and see how it goes.
Trade Idea : Short
Sell : 0.90700 If the price break the support
Take Profit : 100 Pips
Stop loss : 50 Pips
Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!
Trade Idea : Short
Sell : 0.90700 If the price break the support
Take Profit : 100 Pips
Stop loss : 50 Pips
Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!