Guario

USD/CHF ANALYSIS (short term)

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Hi traders :) I'm Guario and here is a forecast regarding USD/CHF possible short term price action. As we can see from the chart the pair has just bounced off an important support level forming a probable strong bottom which has been formed along with a double (MACD and Stochastic) divergence. Our entry point will be set just a bit over the 0.9867 level. Our target will be set just a bit under the 0.9925 volumetric zone but I suggest to close just a percentage of the position setting the second target under the 0.9986 level. Look at the chart for a possible stop loss. Write me in the comments for ant question, though or critic. Good luck :)

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.