As the previous analysis worked exactly as predicted, 
USDCHF is hinting at a bullish breakout on the 4-hour chart, with an entry zone between 0.79940-0.80100 near a support level and upward trendline.
First target at 0.80650 marks initial resistance, while the second at 0.81180 offers a deeper upside potential. Set a stop loss on a close below 0.79800 to manage risk effectively.
A break above 0.80100 with strong volume could confirm this move, driven by USD strength and CHF weakness. Watch interest rate trends! 💡
📝 Trade Plan:
✅ Entry Zone: 0.79940 – 0.80100 (support + trendline zone)
❌ Stop Loss: Daily close below 0.79800
🎯 Targets:
TP1: 0.80650 (initial resistance)
TP2: 0.81180 (extended bullish target)
What’s your take on this? Share below! 👇
USDCHF is hinting at a bullish breakout on the 4-hour chart, with an entry zone between 0.79940-0.80100 near a support level and upward trendline. First target at 0.80650 marks initial resistance, while the second at 0.81180 offers a deeper upside potential. Set a stop loss on a close below 0.79800 to manage risk effectively.
A break above 0.80100 with strong volume could confirm this move, driven by USD strength and CHF weakness. Watch interest rate trends! 💡
📝 Trade Plan:
✅ Entry Zone: 0.79940 – 0.80100 (support + trendline zone)
❌ Stop Loss: Daily close below 0.79800
🎯 Targets:
TP1: 0.80650 (initial resistance)
TP2: 0.81180 (extended bullish target)
What’s your take on this? Share below! 👇
Trade active
Trade was activated!Trade closed: target reached
First target reached. Save your profit, and wait for next target!
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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.
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.