USDCHF | Retracement Inside the Channel

2020-02-04 14:38:01

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Initiate Long.

Entry - 0.96830
TP1 - 0.97099
TP2 - 0.97232
TP3 - 0.97358
TP4 - 0.97628
SL - 0.96830 (Slightly below Pivot Point)

Reason: Price retraced from Strong Support Horizontal Zone (support zone of the channel). Crossing the Pivot Point.

-Please consider entering a position on a confirmed cross above the Pivot Point.

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Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advise.