USDCHF H4 | Bounce off 50% Fibo?

28 Ağu 2023

USDCHF has hit the buy entry which is a pullback support level and momentum could carry price higher toward our take profit target.

Entry: 0.88275
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level

Stop Loss: 0.88141
Why we like it:
There is a pullback support that aligns close to the 61.8% Fibonacci retracement level

Take Profit: 0.88786
Why we like it:
There is an overlap resistance close to the recent swing-high

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