The Swiss Franc has been sold off quite a bit recently now finding critical support that potentially shows signs of a strong rebound. The GBPCHF specifically is a great way to play this strength. My reasons for entering this trade.
1. Break of major trendline/retest
2. Tweezer tops at .618 fib level
3. Swiss franc at critical support
4. Rejection of major 1.55 historical level
First target would be 1.46, but ultimately expecting the 1.41 level to be hit soon.
1. Break of major trendline/retest
2. Tweezer tops at .618 fib level
3. Swiss franc at critical support
4. Rejection of major 1.55 historical level
First target would be 1.46, but ultimately expecting the 1.41 level to be hit soon.
