USD/CHF: a 300+ pip "BUY" opportunity

As it can be inferred from the H8 timeframe graph of USD/CHF, the price is currently re-testing an area of crucial support. After the boundary of the descending channel that is pictured on the graph was broken, we were closely monitoring the price action and expecting for the price to re-touch the current local area of support.

Now that we can notice some candlestick confirmations, we are aiming for entering long positions and targeting the area of resistance illustrated on the chart.