USDCHF -- Stronger rebound back into the range?

PAIR IN FOCUS: USDCHF
ACTION: WAIT TO SHORT
HORIZON: SHORT TO MEDIUM-TERM

Price has rebounded off a S/R level and could continue its retrace higher. Look for bearish price action in the Entry Zone before any short entries. The retrace will provide a better R:R for this trade. If price rockets strongly through the Entry Zone, stay away from any entry.

The TP levels and Stop Loss are indicated on the chart. Stop Loss is valid for entries in the Entry Zone and not below that. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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