- USD/CHF has been trading inside a range bound from basically since 2012. Past two months, price action came very close to testing the Lows of printed on January 2021 at 0.87576$
At the current Monthly Candlestick, Price its breaking out from a Falling Wedge (bullish pattern). Its measured move would put USD/CHF at 0.97$ There sits a great opportunity to Buy USD/CHF from here, while stoploss can be adjusted in different ways depending on your trading style and your risk appetite . (we'll zoom in more for market structure on smaller tf) Bounce to at least 20 & 50 EMA is highly a probable outcome, conflicting as well with a test of the nearest S/R area.
TRADE SAFE ***NOTE that this is not Financial Advice . Please do your own research and consult your own Financial Advisor before partaking on any trading activity based solely on this Idea
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*M PoC (Point of Control) on Volume Profile conflicting with at least the technical bounce to 20&50EMA and S/R test
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*Daily Zooming in
*Entre Set-Up
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USD/CHF *Daily (tf)
Macro S/R to be Held (positioning idea on the long run, weight your risk properly)