USDCHF 30 day Long Position

13 Apr 2018

The DollarVSFranc is currently in a 3+ year consolidating structure at the 61.8% fib retrace level from a previous high back in 2015 on the Monthly chart. Currently on the H4 chart the fib retracement level is at an exact merge with the fib retracement 1D chart (50%vs61.8% respectively). The previous upward trend had climbed to the 80+% level before correcting to the 50% level and now is on a continuation toward the 61.8% level of the H4 fib retracement indicator. Expect a cliomb toward 130+ pips within the next 30-40 days!