Long on USDCHF, reaching zone + oversold; expecting a U turn to the upside with potential to reach 0.998... Alternatively if zone is broken could see further bearish movement towards the next key area around 0.9855 before movement to the upside. Will need to wait until DXY strengthens for added confluence on entry. However, as it's approaching end of the week markets may move a little slow...
DXY: Reaching 0.5 FIB level expecting movement to the upside.
tradingview.com/chart/wWeTeq0x/
DXY: Reaching 0.5 FIB level expecting movement to the upside.
tradingview.com/chart/wWeTeq0x/
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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.