Get started
lmccormick

Lots of big moves today, this one is one of my favorites!

Long
U.S. Dollar / Swiss Franc (FX:USDCHF)  
lmccormick  
FX:USDCHF   U.S. Dollar / Swiss Franc
0
1
Price is currently in a wider range between the 0.87000 and 0.89500 price levels (indicated by the black dotted lines). Price has formed a very large bullish engulfing bar (BUOB) off the 0.87000 level. Given this large momentum move, I see no reason why price won't reach the mid-way 0.88500 level for a quick profit, and then onto the 0.89500 level.
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.