USDCHF 4HR 9/21/19
Long Idea
UsdChf has been very bullish as the dollar has been strengthening.
Currently price action is testing the 61.8% fib level along with key support. Price action also wicked the 78.6%.
A nice bullish engulfing candle through the MA’s would be ideal as confirmation.
For a more conservative entry wait for a break of 0.99365.
We’re looking to target the monthly resistance zone around 1.00500.
Long Idea
UsdChf has been very bullish as the dollar has been strengthening.
Currently price action is testing the 61.8% fib level along with key support. Price action also wicked the 78.6%.
A nice bullish engulfing candle through the MA’s would be ideal as confirmation.
For a more conservative entry wait for a break of 0.99365.
We’re looking to target the monthly resistance zone around 1.00500.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.