USDCHF Long
I see a kind of exhaustion of the price after last's week bearish move.
3 doji candles since yesterday as confluence of the exhaustion.
I think it's time to the long move but i think price can get even lower reaching the 78.6 fib level before going up.
As traget i will take the last time that price tried to go against the trend but the engulfing bearish candle stoped it (blue rectangle).
stop loss 15 pips bellow the 78.6% fib level (22 as total) and 55 pips target
3 doji candles since yesterday as confluence of the exhaustion.
I think it's time to the long move but i think price can get even lower reaching the 78.6 fib level before going up.
As traget i will take the last time that price tried to go against the trend but the engulfing bearish candle stoped it (blue rectangle).
stop loss 15 pips bellow the 78.6% fib level (22 as total) and 55 pips target
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.