Get started
U.S. Dollar / Swiss Franc
Long

USDCHF oversold , buy the pull back.

By fabfive888
Updated
USDCHF oversold , divergence on 4hr chart, crossing trend line. buy the pull back into 0.38 fib retracement.
Comment
resistance at 0.236 fib
Comment
watch for HnS formation to confirm pullback. , else get out of trade
Comment
right shoulder forms, testing neckline.
Comment
first test of neckline , rejected
Comment
2nd test neckline
Comment
neckline broken, just broke 100Hr MA. retest 100Hr MA as support
Comment
pop above neckline on tradewar news. TP before G20 weekend or take half.
Comment
testing 0.38 fib retracement. 1st target reach. 2nd target 0.5 fib retracement
Comment
2nd target reached after trump xi truced
Trade closed: target reached
Trend AnalysisUSDCHF
fabfive888

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.