possible buy opportunity

The USDCHF pair seems to be dropping lower to the suport line at 0.89577 after a rebound from the resistance line at 0.90251.A possible entry point to go long on the USDCHF pair is imminent. As long as the lower support line of the channel remains intact, I expect the price of USDCHF to continue its journey back up the upper resistance line of the channel. the alternative scenario would be to go short if the support lines are breached.

Note: This is not investment advice.