USDCHF - BUY IDEA
The USDCHF chart indicates a potential long opportunity. After completing a five-wave downward movement, the pair is expected to retrace to one of the identified Fibonacci levels (0.618, 0.5, or 0.382) before resuming its upward trend.
Consider entering a long position as the price reaches these Fibonacci retracement levels, with a stop-loss below the recent low. The targets could be the completion of the next upward wave, aligning with the Fibonacci extensions.
Consider entering a long position as the price reaches these Fibonacci retracement levels, with a stop-loss below the recent low. The targets could be the completion of the next upward wave, aligning with the Fibonacci extensions.
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