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Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9748

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 6, 2016.

  1. Lily

    Lily Forum Member

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    Dollar's selloff in US opening suggests another leg of decline from 0.9885 top (last week's high) is underway and the breach of 0.9725-29 (61.8% Fibonacci retracement of 0.9632-0.9885) adds credence to our view that top has been formed at 0.9885, hence bearishness remains for retracement of recent rise to 0.9700, then[​IMG]

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