arieg1985
Long

Possible Long Position for USD/CHF_Trade Plan 2017.06.18

OANDA:USDCHF   U.S. Dollar / Swiss Franc
snapshot

D1 and H4 are both showing the overall trend is still down.
In H1, price is moving up above MA200 and hold above previous resistance area turns to support 0.97197-0.97283. Currently, price is forming Bullish Flag Pattern.
If price pull back to this area and rejected up (even better if breaks up flag pattern ), can consider to long the market to follow the current momentum to the upside.
However, since the majority of trend is still down, trade this long position with limited target.
With Stop Loss 20 pips and Target Profit 50 pips, the potential trade offers 2.50 Reward-To-Risk Ratio.
Thank you Mate :-)
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arieg1985 PRO muaazster
@muaazster, My pleasure :)
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