UnknownUnicorn716030

USD/CHF: Bounce or Crash???

Short
OANDA:USDCHF   U.S. Dollar / Swiss Franc
The price has respected the 50% level in the past and has respected it once again this past week and has shown a strong bearish move back down to the trend line, we've also reached a potential support zone so we are now waiting for a bounce to create a new higher high or if trend line is broken, target will be at 0.95331.

The green line is where I had taken a short on my demo account - massive pips gained, low risk entry!
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.