USDCHF - OverSold Zone

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 USDCHF has been bearish trading inside the falling red channel and it is currently approaching the lower bound / red trendline.

Moreover, the zone 0.878 - 0.885 is a strong support.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.

📚 As per my trading style:
As #USDCHF approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich