USDCHF 4hour fib long

By Navpreet
Updated
-weekly ascending channel
-weekly higher low made
-weekly counter trend line broken
-4hr ascending channel
-4hr fib found support at 61.80% level however there is a chance of further retracement before going long
-4hr target 1 - 127.20%.
-4hr target 2 looks very likely as it has confluences with upper channel boundary to make new higher high.
Trade closed: target reached
analysisFibonaccifollowthetrendkeylevelParallel ChanneltehchnicaltopdownanaylisisTrend LinesTrend Line BreakUSDCHF
Navpreet

Disclaimer