Scalp-sell USDCHF then Buy at the OTE

Pure technical analysis

We think the picture speaks for itself.

Wait for USDCHF create Change of Character in the short red line, wait for the price to pullback to the red line area and set sell position to 0.5 - 0.618 fib zone. In this area, put buy limit order and set take profit at the previous high (fresh minor resistance).

Cancel setup in change of character doesn't happen.

Comment:

USDCHF just create pullback and currently approaching our 0.86904 level. If it breaks, it would signify a minor change of character that we can scalp downside to 0.86710 level or even lower.

Our idea is to entry at the 0.87160 level to catch at leas 40-44 pips downside.