Proszi

Breakout Confirmation | Long on Pullback Setup

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
-Descending TL breakout, retest expected
-0.618 fib retracement
-Minor support area
Trade active
Trade closed: stop reached: Trendline fakeout
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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:
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Could it reach 0.9200 Sir?
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Proszi Riswandaaa
@Riswandaaa, Anything is possible in these dynamic conditions. For now, the technicals show a major breakout of a descending TL and the market seems to be oversold anyways. From my perspective theres a high probability to see a momentum shift to the upside... unless price action shows a "fakeout". I'm not sure if you meant 0.9200 or 0.90200 because 0.9200 is a swing term target and I'm personally more focused on day trades throughout the week.
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