USDCHF Idea

18 במרץ 2021

The Pair have been in a consistent downtrend since May 2019. At the moment we have some indecision near the kumo cloud and a resistance level ( 0.93706). Price could still retrace to the 61.8 Fib level that coincide with the trendline. At that point we could have two outcomes; 1) Break of trendline and change of trend 2) Retest of trend line and continuation of downtrend. I will keep on this pair and see how it will play out.