USDCHF LONG
I anticipate that price will bounce off the short upwards trendline on the daily chart.
The US Dollar Currency Index shows a strong inclination to support USDCHF long prediction as it's also moving in quite a similar direction.
Entered trade at 0.93870
A risk-reward ratio of 1:7.89
SL: 0.93540 (-49.1 pip risk)
TP: 0.95326
TP2: 0.96708
TP3: 0.97905
It should be an interesting pair for the next week or so. Swing trade all the way.
The US Dollar Currency Index shows a strong inclination to support USDCHF long prediction as it's also moving in quite a similar direction.
Entered trade at 0.93870
A risk-reward ratio of 1:7.89
SL: 0.93540 (-49.1 pip risk)
TP: 0.95326
TP2: 0.96708
TP3: 0.97905
It should be an interesting pair for the next week or so. Swing trade all the way.
Note
TP1 reached.Still holding.
Trade active
Still holding. Trailing stop loss placed
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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.
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.