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MikulovicFOREX
Oct 21, 2020 9:01 AM

USDCHF: 4H Long

U.S. Dollar/Swiss FrancFXCM

Description

''BUY MARKET ORDER''

Why buy?

  • Positive hidden divergences
  • Positive regular divergences
  • AB=CD


Additionally you may want to wait for a candlestick confirmation before entering.

Good luck to everyone trading USD/CHF!

Comment

Potential targets on this chart:
Comments
Saeed966
MikulovicFOREX
@Saeed966, Good luck!
FXCM
thanks for sharing! this is my view on USDCHF, price is still holding below our descending trend line where we could see a further push below this level:
MikulovicFOREX
@FXCM, Thank you for commenting. Good luck!
AmjadBakir
targets, please ???
muqeetforex
AmjadBakir
MikulovicFOREX
@AmjadBakir, Using the fib tool from A-D gives you the targets. Some authors suggest you use .382, .618 and 1.00 (or A) as profit targets.
I personally use the .618 retracement and A as profit targets. If I see an extreme reaction from the potential reversal zone, I will sometimes target an extended target, usually 1.618. Extended targets for these patterns are 1.272 and 1.618.
muqeetforex
iam in buy with 1% my account
MikulovicFOREX
@muqeetforex, Nice! Good luck :)
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