USDCHF LONG OVERVIEW
We have a Resistance level that could be a good Double Bottom for price to retrace back to monthly pivot 0.9633. Being start of the month i like retracements to Pivots. The next significant level is 0.97500/0.9800 level.
As a general rule The High or Low of the Day, Week, Month or Year are the strongest Support and Resistance Levels i check. Most USD pairs are on High & Low SS & RR levels for the previous month. Expect retracements in most USD pairs.
Please ensure you get nice entry points LONG or wait for the Channel to be broken.
As a general rule The High or Low of the Day, Week, Month or Year are the strongest Support and Resistance Levels i check. Most USD pairs are on High & Low SS & RR levels for the previous month. Expect retracements in most USD pairs.
Please ensure you get nice entry points LONG or wait for the Channel to be broken.
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