USD/CHF is a recommended BUY
- Current price is in a short term uptrend and looks to be in a pullback phase. During a pullback in a uptrend this is a golden opportunity for late buyers to get in and open a long(buy) position. Below I have pullback levels I would enter a trade in different trading styles:
Overlays
- Short term uptrend line — 0.98000
- Fibonacci Level 61.8% — 0.97694
- Fibonacci Level 50% — 0.97297
- MA30 level — 0.98025
- MA60 level — 0.97587
Sub indicators
- Stoch RSI (is in overbought territory, sloping downward and preparing to cross confirming the pullback in price
- Chaikin Money Flow (indicators the current uptrend is still strong *if levels stay above mid-point* —
- Current price is in a short term uptrend and looks to be in a pullback phase. During a pullback in a uptrend this is a golden opportunity for late buyers to get in and open a long(buy) position. Below I have pullback levels I would enter a trade in different trading styles:
Overlays
- Short term uptrend line — 0.98000
- Fibonacci Level 61.8% — 0.97694
- Fibonacci Level 50% — 0.97297
- MA30 level — 0.98025
- MA60 level — 0.97587
Sub indicators
- Stoch RSI (is in overbought territory, sloping downward and preparing to cross confirming the pullback in price
- Chaikin Money Flow (indicators the current uptrend is still strong *if levels stay above mid-point* —