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FX618Analysis

USDCHF might aim higher shall the resistance break!

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
FX618Analysis Updated   
FX:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF Exponential Moving Average (EMA) Trend Lines Weekly Pivots support Support and Resistance 4h fed safehaven
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trendanalysis chartpattern indicator usdchf ema trendline weeklypivots support supportandresistance 4h fed safehaven
A pierce of 4H candle through the swing high or the weekly R1 pivot would likely propel this pair towards the R2 weekly pivot. For this criteria to meet, we need the 4H candle to close above the swing high, retrace to weekly R1 and enter a LONG trade to target the weekly R2 pivot. Assessing the RR is very important. shall the criteria meet i will update the details in this thread
Trade active:
ENTRY AT: 0.93080
TP: 0.93500
SL: 0.92650
RR: 1:1
TRADE DIRECTION: LONG

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