Price made a bullish run and met resistance before the Swiss Franc pulled back bearish (50% fib level) to the point of support where price is currently trading. From this level, price has the potential to move Bullish to the price level i have marked with the green horizontal line which is 100% of the 50% fib retracement.
Entry - Grey line
Stop loss - Red line
Take profit - Green line
Risk exposure - 1%
Risk to reward 1:2
Entry - Grey line
Stop loss - Red line
Take profit - Green line
Risk exposure - 1%
Risk to reward 1:2
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Yorum:
SL at breakeven
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