Potential Long Trade in USDCHFUSDCHF has reached a long-term support level from where it could bounce up. I have already started buying USDCHF with my latest buy at 0.9172.
This trade is based on the weekly chart. So, one has to wait patiently to see how this plays out over the course of the next few weeks.
I like this set-up because of the good risk/reward ratio and the potential profit will be much bigger than the amount I am risking. There's a big chance that USDCHF will bounce from this area and reach 0.99 level.
