USDCHF Pullback Buy

15 Haz 2022

The past two days have seen the USDCHF move back to parity. There is a key Fibonacci retracement level coming into view on the daily chart:

38% Fibonacci Retracement, 0.9861

Here's the trade:

1) Buy 0.9865
2) Initial Stop Loss @ 0.9839
3) 1:1 Risk vs Reward, Profit target @ 0.9888