USDCHF - Catch These Moves 💸

١٥ ديسمبر ٢٠٢١

On the higher timeframe, USDCHF is within a running flat correction and we are in the C wave. In the C wave, we've seen both A and B waves and now waiting for the C wave to take us back down to the double bottom.

We have 2 fib levels which we are watching: 0.5 and 0.618 fibonacci. Waiting for a rejection during the FED & FOMC for confirmation before shorting USDCHF.

Trade Idea:
- Watch for bearish price action during the USD news
- Enter with stops above the price rejection
- target the double bottom (which is also the -0.27 fibonacci target level)

Do you agree? Leave your comments below!

Goodluck and as always, trade safe!

٩ يناير ٢٠٢٢

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