USD/CHF H1 | Pullback resistance at 38.2% Fibonacci retracementUSD/CHF is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8189 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 0.8212 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 0.8156 which is a multi-swing-low support.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 ):
Losses can exceed deposits.
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