USD/CHF LONG?

5 thg 7, 2020

USD/CHF has been moving from support to resistance. There is no type of trend right now because it is simply moving from the floors to the ceilings (support to resistance) Right now USD/CHF is at a major level of support where we saw some nice impulsive moves to the upside. However we did see a fake out where price closed below the support level. So to avoid getting faked out i dropped down to smaller time frame and I found a level of structure where price had some trouble breaking. I have that level marked up (grey box) If we can get a break from the grey box I will look for entries targeting my tp1.