USDCHF: Broke New Low, Awaiting Completion of Retracement
USDCHF has retested a supply zone at 1.0120 and is considered successful as it had fallen and broken new low.
The price is currently in the process of retracement with the 1st wave completed and the 2nd wave in the midst of completion.
Wait for the 2nd wave of retracement to be completed around 1.0108, setting the stop loss just above the previous high or above 1.0120.
The price is currently in the process of retracement with the 1st wave completed and the 2nd wave in the midst of completion.
Wait for the 2nd wave of retracement to be completed around 1.0108, setting the stop loss just above the previous high or above 1.0120.