Possible Bounce Expected at 0.92 on USDCHF – Buy Trade

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 ).

As for signals please refer to how I trade engulfing patterns or pin bars..

usdchf upcoming buy trade

Above – Image Above shows the USDCHF getting closer to a good potential reversal buy zone. ( Click for larger view. )

For more regular daily trade setups click here.

daily trade setups


About Timon Weller

Timon Weller is the professional Writer and Trader behind the blog Forex Reviews. Timon Weller is also a professional Teacher of Price Action Trading and creator of the popular Training Series teaching people how to trade Price Action effectively called The Engulfing Trader. For other Forex Training available here at Forex Reviews click here.

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