Dollar/Swiss with a rise on the Horizon

2023年2月12日

There's been an extended drop in price all the way since the highs in early November. It seems we've touched bottom establishing resistance at 0.9060. This level should absolutely hold for this scenario that I'm looking to play out. That being said, I can perfectly see the price surrendering last week's rally in its entirety before turning around again and really taking off to a new high. It might also happen that it just soars from the open and never look back. I showed in the graph two specific zones in which if the swissie trades below last week's lows, I'll be looking for a buying entry. Happy Trading :)