USDCHF Pullback Buy
The past two days have seen the USDCHF move back to parity. There is a key Fibonacci retracement level coming into view on the daily chart:
38% Fibonacci Retracement, 0.9861
Here's the trade:
1) Buy 0.9865
2) Initial Stop Loss @ 0.9839
3) 1:1 Risk vs Reward, Profit target @ 0.9888
38% Fibonacci Retracement, 0.9861
Here's the trade:
1) Buy 0.9865
2) Initial Stop Loss @ 0.9839
3) 1:1 Risk vs Reward, Profit target @ 0.9888
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.