Long in USDCHF

٦ فبراير ٢٠٢٤

USDCHF has bounced at a strong demand zone, presenting a buying opportunity. The bounce indicates a potential bullish reversal, which would be confirmed with a break of the resistance. The market structure on the daily time frame is bullish. A long position is recommended with entry at the demand zone, a stop-loss below the demand zone, and manual management of the position using price action to determine the exit. It is recommended to perform additional fundamental analysis to confirm the technical outlook.