USDCHF 30 JUL 2018 Monday
Impression : Retracement phase of a Bearish USDCHF
- Price swinging within a bullish channel shows bullish momentum.
- Price closed above Ichimoku cloud indicates bullish bias.
- Price have yet to touch lower border of bullish channel. Major selloff during US session on Friday seems to be traders booking profit due to end of week. With no Major high impact news on Monday, trading USDCHF could be tricky as the sell off could continue southward.
Entry, Buy Limit order at 0.99300 (Friday Low)
Target’s projection , 0.99800 (Friday High)
Stop loss, 0.99000 (Weekly Low)