olly48

USD/CHF Broken Resistance, Now Testing As Support

Long
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
This broke above resistance and is now retracing to test it as support. Looking for a long entry between 0.382 and 0.5 Fibonacci, can use 1HR timeframe with MACD to more accurately pinpoint when this turns higher.

Above there is a big resistance level so I am setting the TP at the bottom of this at 0.91833 and SL is just below 0.786 Fib

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