USDCHF prepare to buy above major support
Buy above 0.9959. Stop loss at 0.9898. Take profit at 1.0030.
Reason for the trading strategy (technically):
We prepare to turn bullish above major support at 0.9959 (Fibonacci retracement, horizontal overlap support) for a push up to 1.0030 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) is seeing strong support above the 23% level.
Reason for the trading strategy (technically):
We prepare to turn bullish above major support at 0.9959 (Fibonacci retracement, horizontal overlap support) for a push up to 1.0030 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) is seeing strong support above the 23% level.
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