USDCHF BUY

Makeyourmoneywork4U Trade Idea

Pair: USDCHF

Position: BUY

Timeframe: D/ 4HR

STOP LOSS: 0.89464

TAKE PROFIT: 0.93222

Reason for trade: This pair made the A-B B-C and then the C-D leg didnt quite reach our 161.8% level and it has come back down to the original start of A point again, as our custom indicators are showing the overall trend as buy and this pair is opposite of XAUUSD which we have analysed as being in a sell this week I am confident of taking a buy on USDCHF and holding till the 161.8% fib level

Remember to trade cautiously and use proper risk management