I will be looking to sell USDCHF at CMP because of the previous rejection at the resistance trend line as well as using my fib tool I can see price is now at the 78.6% level and it has rejected at this area previously and is now back to test this resistance it is at right now also if you look at the pattern you can also see a double top formation on the daily TF.
I am getting in at market execution with a stoploss which I will be placing at 0.98350 and fib TP is at 0.95876 but I am looking to hold lont term so I am also placing a TP at 0.94450.
Let me know what you think!
I am getting in at market execution with a stoploss which I will be placing at 0.98350 and fib TP is at 0.95876 but I am looking to hold lont term so I am also placing a TP at 0.94450.
Let me know what you think!