USDCHF is breaking out from a wedge formation to the upside.
Rising wedges usually break to the upside.
RSI is giving a clear bullish signal of breaking 60 after quite some time, and has potential to rise again.
MACD is giving also a buy signal.
EMA's (20 and 50) are likely to give a buy signal, or are giving a fake buy signal right now.
Free 26 pip trade.
TP 0.90792 (27)
EN 0.90522 ♨️
SL 0.90442 (-8)
Reward/Risk = 3.33 RR
Good luck!
Tibor
Rising wedges usually break to the upside.
RSI is giving a clear bullish signal of breaking 60 after quite some time, and has potential to rise again.
MACD is giving also a buy signal.
EMA's (20 and 50) are likely to give a buy signal, or are giving a fake buy signal right now.
Free 26 pip trade.
TP 0.90792 (27)
EN 0.90522 ♨️
SL 0.90442 (-8)
Reward/Risk = 3.33 RR
Good luck!
Tibor
Trade active:
Filled order at 0.90522
Trade closed: target reached:
Took profit at 0.90792! +27 pips
