1️⃣ 0.90000 Swiss national bank intervention level 2️⃣ 0.90000 Strong trend reversal area 3️⃣ Positive risk sentiment, Vaccine news, Selling off CHF 4️⃣ RSI has reached around 39.00 Oversold condition 5️⃣ MACD about to cross the signal line, histogram is slowly fading towards green 6️⃣ Stochastic reached below 25 Oversold condition 7️⃣ Short term Technical support - Bullish 8️⃣ 50,100,200 EMA cluster resistance for bull 9️⃣ Bollinger bands reached lower side of the band 🔟 Possible swing target-0.91400 (23.6% Fibonacci) Point of control area #️⃣ Overall long-term trend- Bearish
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Bullish entry #usdchf
Entry price -0.90400
Take profit 01 - 0.90900 (50 Pips) Take profit 02 - 0.91400 (100 Pips)