FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is moving up between higher timeframe supply and demand zones, far from overbought levels. It is also in a 4hr uptrend which leaves us with a bullish bias.

We are currently moving out of a 4hr demand area which has previously shown big strength, breaking the top on 9/5-2018. Due to the new week, I wanted to wait for a couple of hours for the market to stabilize before trading. I think the market is now fairly stable and so I go long from the current price.

Hopefully we can get a quick upmove for a 1:1 Risk:Reward, as indicated on the chart.

Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.

Take care,
TheSupportResistanceTrader
Trade active
Trade closed: stop reached

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out