ZenTrader111

USDCHF return to parity

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
2
Renko chart below at daily timeframe shows ideal entry at 0.89150.

Nevertheless entry at current price is good @ 0.90222.

Take profit targets: 0.95450 and 0.99650.

Stop Loss: Open of Bullish Renko candle @ 0.87050.

The first Bullish Renko candle indicates a change in trend and the best strategy is to enter on close of the Bullish Renko candle after a downward trend. Target are derived from the open of the previous Renko candles.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.