USDCHF is now showing some potential for a major bounce, this would also correlate with my expectations on EURUSD falling as well which I wrote about here 2 days ago. Around 0.92 cents I would be looking to buy this pair with bullish price action and targeting at areas such as 0.9490. Look for bullish conviction first before entry and a stop below 0.9120 should be a good place to allow the market to move..
Break even can also be set around the midway target ( around 100 pips ).
Above – Image Above shows the USDCHF getting closer to a good potential reversal buy zone. ( Click for larger view. )
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