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4hr50ema

A SHORT Trade Setup for USDCHF. Triple Top Formation!Price has approached a crucial resistance level. triple top formation also happens to be present there. On the 4hr charts, it can be seen that the trendline has been violated and breached the 4hr 50 EMA too. The price might slightly retrace towards the daily 50 ema where out take profit levels lies too. have a look at the details below INSTANT ENTRY AT AROUND 1.00480 LEVEL STOP LOSS: 1.01300 TAKE PROFIT: 0.99600 RISK TO REWARD RATIO: 1:1 SHALL THERE BE ANY UPDATES I WILL PROVIDE THEM IN THIS THREAD. CHEERS
Short
by FX618Analysis
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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