USDCHF long options
Price has had a huge push upwards from which at lower levels was struggling to gain traction. Price has retraced back from hitting resistance again.
I see 2 options playing out, both being a long options.
First is on news Friday, and the fact we’re now between 0.5 and 0.68 fib. Price will break through towards new high levels of 0.95.
Second is that the price will retrace back down to where the original rally the other day and will try again to put through to that new high.
I see 2 options playing out, both being a long options.
First is on news Friday, and the fact we’re now between 0.5 and 0.68 fib. Price will break through towards new high levels of 0.95.
Second is that the price will retrace back down to where the original rally the other day and will try again to put through to that new high.
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