USDCHF Long
Bullish bias on USDCHF
Time frame: 4HR
Open Price: 0.91310
SL: 0.91200
TP: 0.91600
RR 1:3
Reasons for bias:
1. Price respecting daily upward trendline
2. Price broke above 4HR resistance area and respected same as support.
3. Price formed a bullish engulfing candle on Friday
4. Strong bullish price action on Dollar Index (DXY)
Time frame: 4HR
Open Price: 0.91310
SL: 0.91200
TP: 0.91600
RR 1:3
Reasons for bias:
1. Price respecting daily upward trendline
2. Price broke above 4HR resistance area and respected same as support.
3. Price formed a bullish engulfing candle on Friday
4. Strong bullish price action on Dollar Index (DXY)
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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.