USDCHF H4 Reverse from a key level?

31 Mar 2023

Looking at the H4 chart, it appears that the price has already bounced off from our buy entry point at 0.9123, which is considered as a multiple swing low support level. For this trade, the take profit level will be set at 0.9171, which lines up with the 50% Fibonacci retracement level. Meanwhile, the stop loss level will be placed at 0.9066, which is a swing low support level.

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