What are your plans for the USDCHF?

Here is what I think.

The USDCHF it’s been falling down since the first days of August, it broke through an important support level, but now it looks like it is being rejected from an important support level.

How do we make sure it is a valid rejection?

Well, it already broke The SF Box, take a look at this chart:

USDCHF Trading Plan

So as long as it trades above 0.9296 I’ll be looking for long opportunities.

Do you think we are going to see a small retracement to that level?

I hope so, that’s what I’m waiting for.

Cheers,

Tags: ,


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .