USDCHF, 60, Short position
This has consolidated at a nice are of resistance and highlighted at the R1 Fib level. It is above the 55 EMA so potentially will drop before gaining more strength on the uptrend. This pair are currently in a strong uptrend so will not hold this position for too long. Potential to TP at 97430 on a previous resistance support line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.