I'm looking for a downside on USDCHF for multiple reasons.
-we are in a downtrend -there is a nice confluence area 0.9857 including fibonacci retracement of the last impulse move, 1.27 extension of the 0-A corrective impulse and also a nice s/r zone around this area -also I'm expecting DXY to turn to the downside, so the dollar gets weaker, swiss franc to the upside so there is a good possibility for this trade to be succesfull
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.