Forex Trading Ideas: USD/CHF Rallies Up This Week After A Bullish Regular Divergence Trade Setup!

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“If YOU Don’t Take It – The Market Will!”

 

The USD/CHF had a bullish ‘Regular Divergence Trade Setup’ this week on the Market giving Forex traders between sixty and seventy pips depending what your entry price was. Using the ‘Fibonacci Measuring Tool’ we saw price bounce of the 38.2 Fibonacci level, as well as the 61.8 Fibonacci retracement level. Later in the week we also saw price break through the 78.6 Fibonacci price level with ease. We have strong major support at 0.09895 and resistance at 0.9980.

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Nice rally up for a 70 pip move!

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Awesome bounces off the 38.2 and the 61.8 for counter trend traders…