USDCHF is nearing the first pivot point resistance level at 0.99350 and will reach the 9th TD candle on the daily, indicating an impulse down, at least to the previous support level created by the June - July '18 bottoms. Major resistance at 0.236 Fib retracement level. Entered at 0.99303, stop loss at 0.99554, target price 0.98580.
Note
Price lifted above the first resistance and stopped out the trade but was reentered at 0.99177, expecting a 40 pip movement to the 0.236 fib level
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.
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.