USDCHF Potential for Bullish Momentum | 21st November 2022

Looking at the H4 chart, my overall bias for USDCHF is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. However, I am looking for a pullback buy entry scalp. Looking for a buy at 0.94810, where the previous swing low and 78.6% Fibonacci line was. Stop loss will be placed at 0.93576, where the previous low is. Take profit will be at 0.96302, where the 78.6% Fibonacci line is located.

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