USDCHF Long Setup

4 May 2023

On USDCHF, we have a price that has returned to the 0.883 area after almost 2 years. I have highlighted a demand zone within which the market has created an additional support zone that could be the entry point for a long trade that I partially set up. Risk-reward ratio is 1:12.
Be aware that the ECB press conference will take place in less than an hour.

Let me know what you think.

Good trading to all.

Forex48 Trading Academy