USDCHF H4 | Bullish Bounce
Based on the 4-hour chart analysis, we can see that the price is falling toward our buy entry at 0.88485. This level is anticipated to act as significant support, close to the 161.8% Fibonacci extension.
Our take profit is set at 0.89426, identified as an overlap resistance level.
The stop loss is placed at 0.87805, which is recognized as an overlap support level to mitigate downside risk."
Our take profit is set at 0.89426, identified as an overlap resistance level.
The stop loss is placed at 0.87805, which is recognized as an overlap support level to mitigate downside risk."
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.