FX.co ★ Daily Video Analysis: USDCHF approaching Pivot, potential for a bounce!

Today we take a look at USDCHF. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is approaching our buy entry level, in line with our horizontal pullback support, where we could potentially see a bounce and further rise up to test the descending trendline resistance at our take profit level, in line with our 61.8% Fibonacci retracement.