Forex Trading Ideas: USD/CHF Pushes Down Further!

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Jason
“Buy The Dips – Sell The Rallies!”

 

The USD/CHF had a bearish ‘Regular Divergence Trade Setup’ this week in the Forex Market. Giving Forex traders between sixty and one hundred pips. Depending what your entry price was.

However, using the ‘Fibonacci Measuring Tool.’ We saw price bouncing off of the 61.8% Fibonacci level a few times. Then it crashed down to the 100.0%. We have strong major support at 0.9630 And resistance at 0.9745.

Regular Bearish Divergence