USDCHF - DAY TRADE VIEWUSDCHF - On hourly chart it's trading close to the strong support zone, I am expecting a bounce back in the price from here.
My approach will be a BUY here at current price 0.91667
Maintain stop loss around 0.91320
Potential upside move 0.92200
Follow the levels as mentioned.
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Forexsi
Don't miss the great buy opportunity in GBPCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7310). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 1.7428
TP2= @ 1.7534
TP3= @ 1.7673
TP4= @ 1.7793
TP5= @ 1.8033
SL= Break below 1.7235
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