USD/CHF - Breakout Opportunity

What's up traders, here we have USD/CHF, with a breakout opportunity on the 4H chart.

This is a great opportunity with an over 1:3 Risk to Reward.

I am expecting USD/CHF to make an up move to 1.0020

Bare in mind that price needs to have a successful breakout for this to be a valid trade. So it is important you indeed use this analysis, but use your own to make a trading decision.

Our AUD/USD trade is in good profit, and I will be adding to this position. See analysis on my page for updates.

Order cancelled:

USD/CHF was setting up well for a nice up move, however Dollar plummeted thus, affecting this pair dramatically.

With the Dollar tumbling so dramatically, it isn't smart to be a buyer for the moment.

Have taken this trade off of the watch list for now, and let Dollar stabilize before looking into this trade again.

www.tradingview.com/chart/QZ8tUrGE/

Comment:

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Comment:

Price is trading down very well. With Dollar in a decisive trend it makes logical sense to assume a new trend may be taking place in this pair, at least for the short term.

Comment:

Price has had a great recovery today most likely due to the stabilization of the Dollar.

I will be reanalyzing the chart shortly and looking for a long opportunity!

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