on DAILY: USDCHF is sitting around resistance so we will be looking for objective sell setups on lower timeframes. on M30: we are waiting for a new swing to form around our lower red trendline to consider it objective and enter on its break downward as a trend-following setup. or we are waiting for a new swing to form around our upper blue trendline to consider...
This is the first Valid buy in the USDCHF since the correction started last week. We are going long above 0.9700 Stop Loss @ 0.9683 Target @ 0.9778.
All the necessary details about this trade on USDCHF are in the video... I breifly also go over GBPUSD buy setup which is related to this post.
USD/CHF, Video overview and Trading Plan.
BASED ON THE ANALYSIS PRESENTED ABOVE WE HAVE 2 TARGETS IN MIND FOR THIS PAIR UNTIL THE CONFLUENCE ZONE SHOWED WILL HOLD AS SUPPORT.