Investroy

USD/CHF: a middle-term BUY trade pending?

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
As the price is approaching an important level of support that is highlighted on the graph, we are looking into making potential executions upon getting needed confirmations and aiming towards capturing a neat 1:3 risk-reward entry with the target set at a previous level of support that is now acting as a resistance that aligns with the 50% Fibonacci retracement level drawn from the top to the bottom of the recent impulse.

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.