USDCHF: Buy the USDThere is a confluence in the weekly and 4HR chart. Both have buy signals so it means we buy the USD at 0.945, place a stop loss at 0.94 and take profits at this year's highs of 0.98.
More details at my analysis at forex.today
Chfbears
Potential Longs GBPCHF Trade PlanThere is a likelihood of GBP gaining ground this week especially if today's candlestick is bullish. All we have to remember is that relative to last week, prices are down 80% and on Friday, March 3, some bullish candlesticks printed in the 4HR chart. What is important now is a follow through and rejection of lower lows. If bulls clear Friday's highs in the daily chart then we can as well fine tune entries in lower time frames and look for long entries.
For more information, check my analysis at NewsBTC at www.newsbtc.com and at Forex.Today at forex.today
Potential Buy Trade GBPCHF Buy triggers at at 1.313 with take profits at January highs of 1.35, stop loss at 1.3030. Tomorrow we have BoE interest rate announcement
