USDCHF Retracement Setup

A strong resistance level has recently been broken. Ideally, I would like price to continue up for another 20-30 pips before retracing to the previously broken resistance, setting up support. I will most likely wait for consolidation within that resistance zone and, hopefully, a bulking green candle indicating an upcoming breakout. That's when I'll enter the trade to follow price upwards, potentially long term. RSI is currently on the high end, indicating a potential retracement coming up soon.


THIS IS NOT FINANCIAL ADVISE NOR AM I ENCOURAGING YOU TO TAKE A TRADE. TRADE AT YOUR OWN RISK