TheSignalyst

USDCHF - Wait For The Trigger!

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Hello everyone, if you like the idea, do not forget to support with a like and follow.

USDCHF is sitting around daily support in green so we will be looking for buy setups on lower timeframes.

on H1: USDCHF formed a valid channel pattern in blue. But this buy isn't ready to go yet. We want the buyers to prove that they are taking over first.

Trigger => Waiting for a momentum candle close above the gray area to buy.

Until the buy is activated, USDCHF would be overall bearish and can still trade lower.

Good luck!

~Rich


All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
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