USDCHF Long Trade

13 באוק׳ 2023

In this case, USDCHF broke an H1 downtrend it initiated earlier this month, this break aligns with the price bouncing from the round number 0.90000 and an uptrend clearly seen on H4. Entry is set after price is reacting from 78.60% Fibonacci level. Stop loss is set below the previous swing low, and take profit is twice the risk at around 0.91000 looking to reach the -27 Fibonacci profit level