Title
USDCHF I Bullish Bounce

Type
Bullish Bounce

Preference:
Wait for price to pullback to the pivot of 0.8451, a pullback support close to 50% Fibo retracement. A bounce for this level could lead the price to rise to 1st resistance at 0.8530, an overlap resistance close to 38.2% Fibo retracement.

Alternative scenario:
If price breaks below the pivot, it could fall to 1st support at 0.8400,a swing low support

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.