USDCHF Fibonacci Buy

2022年8月25日

The area between 0.9580 and 0.9569 features three levels that may pan out to be robust support:

Support(1): Daily EMA, 0.9580
Support(2): Daily 38% Retracement, 0.9569
Support(3): Weekly 38% Retracement, 0.9569

Here's the trade:

1) Buy 0.9580
2) Initial stop loss @ 0.9544
3) TP @ 0.9616
4) Risk/Reward, 1:1

The coming 16 hours feature the ECB Minutes, US Q2 GDP, US Core PCE, and kickoff of the Jackson Hole Symposium. Be ready for anything as these reports hit newswires.