USD/CHF. Expecting to move up
Yo Traders,
This is simple strategy and looks good with multiple confluences.
Price is at very strong support area presently respected on the multiple TF's.
On the 4HR TF the RSI is giving us a Divergence indicating that the price will be reversing. Weekly TF also shows divergence on the RSI giving good indication that price may reverse.
Looking to go long based on price action.
Lets wait and watch
Thanks
Madtradex
This is simple strategy and looks good with multiple confluences.
Price is at very strong support area presently respected on the multiple TF's.
On the 4HR TF the RSI is giving us a Divergence indicating that the price will be reversing. Weekly TF also shows divergence on the RSI giving good indication that price may reverse.
Looking to go long based on price action.
Lets wait and watch
Thanks
Madtradex
Note
price is moving up as expected.Note
Closing 75% of my position in profit on this trade. Letting the trade to run the rest if it wants to go any further
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.