USDCHF - Trading Idea for Trend Continuation

2020-02-25 17:40:28

Hi Traders!
The market is in an uptrend.
As you can see it started in the beginning of February and moved around 216 pips until now.

Now it is in a channel and in a retracement move simultaneously.
If we use the Fibonacci Retracement tool we detect that the market reached the 38.2% of Fibonacci.
In addition this area is a support too.

The target is at the top of the movement at around 0.98500.


We recommend to buy the breakout of the channel!

Thanks and good luck :)!