Usdchftrade
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.99074 where it could potentially react off and up to 1st resistance at 0.99830.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.99315 where it could potentially react off and up to 1st resistance at 0.99790.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BEARISH MOMENTUM ON USDCHFWe sa price previously break the trendline and the retest it before falling again. At the moment, price is sitting at a level of support with potential to move bullish temporarily and retest our entry point before moving to our targets.
Take profit 1 is marked at a risk to reward ratio of 1:1
Take profit 2 is marked at a risk to reward ratio of 1:2
Happy trading all.