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Cmasterza
Mar 25, 2019 7:45 AM

USDCHF Trade Idea Long

U.S. Dollar/Swiss FrancFXCM

Description

When checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure

Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy

My level of interest to buy at will be 0.99336 with

SL below the previous swing low @ 0.98576 and

Take profit higher up just below resistance @ 1.00496

As usual, don't bet the farm and exercise good risk management.

For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Comments
Cmasterza
Right on the money!
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