Flazedude
Long

USDCHF Long Opportunity

FX:USDCHF   U.S. Dollar/Swiss Franc
31 1 3
On the daily chart of USDCHF             , we have a ranging motion across the channel, as we look closer, we see that there is a 4H AB=CD pattern as well as the price is hitting the bottom channel of the ranging zone, when the price hits the bottom of the channel it is also the point of D. I will be buying this when it hits 0.95245, or any price within that zone.

This I gave a very loose stop loss of 0.94439. Anything smaller I feel there maybe a chance of whipsawing your position out of the trade.

Tp1: 0.96577
Tp2: 0.97656
Tp3: 0.98435
Comment: Looks like this plan worked out beautifully.
Looks like this plan worked out beautifully.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out