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USDCHF - We look to Sell at 0.9550

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USDCHF - We look to Sell at 0.9550 (stop at 0.9580) USDCHF - Rallies continue to attract sellers. The selloff has posted a correction count on the daily chart. There is no clear indication that the downward move is coming to an end. The 161.8% Fibonacci extension is located at 0.9448 from 1.0326 to 0.9784. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Our profit targets will be 0.9510 and 0.9460.

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