USDCHF H4 | Could We See A bounce From Here?

[chainsniff]

Momentum: Bullish

Price is currently pulling back toward the buy entry, which sits slightly above the 38.2% Fibonacci retracement level.

Buy Entry: 0.8023
Pullback support
Slightly above the 38.2% Fibonacci retracement

Stop Loss: 0.7994
Pullback support
Aligned with the 50% Fibonacci retracement

Take Profit: 0.8066
Pullback resistance

High Risk Investment Warning

Stratos Markets Limited (tradu.com/uk
), Stratos Europe Ltd (tradu.com/eu

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Stratos Global LLC (tradu.com/en
Losses can exceed deposits.

Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.

[Nahid Hossen]

USDCHF is sitting on a key zone—bounce probability looks decent.

[Abdul Khan]

If buyers step in, we could see a short-term reversal.