USDCHF Potential bearish dro | 8th Apr 2022With price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our entry of 0.93712 to our Take Profit at 0.92817 in line with pullback support. Our stop loss will be at the swing high of 0.94318 area in line with the 127.2% Fibonacci extension.
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USDCHF TREND CONTINUATION POSIBILITYTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. In this situation we are now waiting for Awesome Osci to go into positive territory for trade entry confirmation for movement to the upside and but if the market trend starts to range this signal will become invalid. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 269 pips will be up for grab with small risk SL at swing low. the previous signal on this pair was 308pips we are looking to capture a continuation of this movement to the upside.
Profit expectations: 20 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.