USDCHF has been in a channel since May. ABCD was completed at the 0.618 fib area of the December to May downward move. Price fall has started already and with RSI is oversold on the 240, there could be a little pull back into the resistance zone of the channel.
There could be a shorting opportunity if price pulls back into the resistance zone, with SL above the 0.618 (0.99888) area.
Your likes and comments are appreciated.
Trade with care, and all the best in the coming week.
There could be a shorting opportunity if price pulls back into the resistance zone, with SL above the 0.618 (0.99888) area.
Your likes and comments are appreciated.
Trade with care, and all the best in the coming week.
Note
+130pipsPull back was smaller than expected ....but nice fall thereafter...
Trade closed: target reached
Thanks to US Elections :D
Related publications
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.
Related publications
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.