PLANNING TOWARS RESUMPTION OF THE DIPS ON USDCHF

Considering the beginning of the month there is usually the manifestation of a retracement. In other words, price needs to rise to be able to fall. In the beginning of June we can see a rise in price. In other words the bulls took over the market in contrary to last month's domination of the bears. By my fibo retracement I expect price to turn back at 61.8% level on the daily time frame. Therefore, this gives room for the swing traders to wait for price to hit 61.8% on the daily timeframe and watch the bears take over the market. In other words, place a sell limit at 61.8% on the daily timeframe. But do not forget to place your stop loss a little above 88.6% on the daily timeframe. And first take profit would be at 0.92661. This is my bias for the day. See you on pay day.