USD/CHF: Which level seems to be the best to sell? Check it out!
USD/CHF broke a pattern downwards yesterday and I am looking to take advantage of USD's weakness against CHF to sell the pair but I am not willing to sell at these prices.
I will be waiting for a re-test of the structure. As you can see, around 0.93125 - 0.93200 levels, we have three important things going on: the bottom of the pattern, the daily pivot level and an inverted fib level.
As soon as I see some bearish PA around these levels I will sell the pair and target the 161.8 % fib level (inverted), a nice 55-pip trade!
Check my past ideas to understand the way I trade.
Trade at your own risk
I will be waiting for a re-test of the structure. As you can see, around 0.93125 - 0.93200 levels, we have three important things going on: the bottom of the pattern, the daily pivot level and an inverted fib level.
As soon as I see some bearish PA around these levels I will sell the pair and target the 161.8 % fib level (inverted), a nice 55-pip trade!
Check my past ideas to understand the way I trade.
Trade at your own risk
Note
Looks like the pair is going to target without any retest... Trade closed: target reached
Target reached without retest. trade not taken since we were in the middle of the fib level (I don't like to open trades in such cases)
Related publications
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.
Related publications
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.