USDCHF bounced off its support, time to snap through
Next week we will likely see our lows met. We either retrace 100%, but the more likely scenario is the magical .705 fib line (ICT traders know this one). It is extremely likely with this weak dollar that we might consolidate at this level / range until the beginning of March.
USDCHF is still an obvious short after getting violently rejected, I advise not waiting for TP2 and aim for the .705 fib line.
USDCHF is still an obvious short after getting violently rejected, I advise not waiting for TP2 and aim for the .705 fib line.
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