USDCHF Potential for Bullish Momentum | 4th November 2022

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The overall bias for USDCHF on the H4 chart is bullish . In addition, price is above the Ichimoku cloud , indicating a bullish market. Looking for a pullback buy entry at 1.00296 where the 50% and 38.2% Fibonacci lines intersect. I have a relatively safe stop loss set at 0.99485 where the 61.8% and 38.6 Fibonacci lines are located. Looking to take profit at 1.02152 where the -27.2% Fibonacci expansion line and 127.2% Fibonacci extension line is located.

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