Note that USDCHF is in a strong downside trend (short one) which can be as well suggested with RSI current level value. The same value can indicate that the price might go north. The Fibonacci level can be our first support here vile the SL, in that case, should be near the same level.
Depending form your risk aversion this can be the nice price level to jump in and build your buying positions.
Depending form your risk aversion this can be the nice price level to jump in and build your buying positions.