Trade Idea Wrap-up: USD/CHF - Hold short entered at 0.9795

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the greenback met resistance at 0.9759 and has fallen again, retaining our near term downside bias for the fall from last week's high of 0.9838 to bring retracement of the rise from 0.9521, hence bearishness remains for weakness to 0.9675-80 (50% Fibonacci retracement of the rise from 0.9521-0.9838), break[​IMG]

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