Here we have a USDCHF long trade idea. If you like this idea please show your support!
This trade idea is based off the fact of the USD reaching a weekly low and we can see some strength beginning to occur making USDCHF pair stronger. Also the Swiss Franc (CHF) is at a weekly high since the beginning of September however recently we are seeing a fair bit of weakness appearing. This has also concluded my trade idea and given me these 2 entry points.
We can see 2 trendlines which are being respected on the charts, however Scenario A is also on a .50 Fib zone which is in a structure zone giving us the possibility for a reversal.
Please trade with caution and make sure you set your stop losses! Happy Trading 😁