USDCHF LONG SETUP

Feb 2, 2020

IM LOOKING AT POSSIBLY SEEING USDCHF GAP DOWN ABOUT 20 PIPS OR SO BEFORE A POTENTIAL RISE BACK UP TO THE 4H RESISTANCE AT THE 61.8 (0.97080) FOR A PRIME PULL BACK SET UP. ILL BE LOOKING TO TAKE THIS TRADE OFF THE BLACK LINE SUPPORT OFF A POSSIBLE 1H ENTRY WITH A STOP LOSS JUST OUTSIDE THE ZONE BELOW THE (0) FIB AT OR ABOUT THE 0.96130 AREA (SUPPORT). BOTH THE STOCHASTIC AND RSI ARE SHOWING THAT IT IS IN OVERSOLD TERRITORY AT PRESENT MOMENT.