USDCHF, H4
In the H4 timeframe, USDCHF rebounded from the 0.9030 support level, aligned with the 38.2 Fibonacci ratio and the lower border of Bollinger Bands. The RSI surpassed the overbought zone, which gives the asset extra bullish sentiment.
- Trade: Buy USDCHF;
- TP: 0.9090, 0.9150.
Conclusion
In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.
