USDCHF Potential Long

FX:USDCHF   U.S. Dollar / Swiss Franc
We have a potential long opportunity approaching upon a rejection of the 0.618% Fibonacci, Daily 50EMA, third touch of an inner ascending trendline and round psychological number of 1.0000. Entry price would be 1.00050, with stops of 35-40 pips below. Target 1 would be initially be 1.01250 (Weekly resistance - we have not had a close above this for some time) Target 2 - 1.01750 (127%) and Target 3 - 1.02450 (161.8%)

If this inner trendline breaks, and we break below daily 50EMA, 1.0000 parity, I would expect to place short upon a retest of the current ascending trendline to then target the weekly ascending trendline below.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out