Greetings.
Let’s take a look at the USD/CHF hourly chart.
Looking in the longer term, we may have seen a potential turning point that will stick with the low from late May. Now, look for a potential move up to retrace.
Pull out the Fibonacci and run some retracement levels. At least look for a potential minimum retracement up to the .8800 area.
Once this upward retracement has completed, then look for a continuation of the downward movement.
Good luck with trading and be sure to use your money management as well as your stops.
