Mankz
Long

USDCHF Long Setup

OANDA:USDCHF   U.S. Dollar / Swiss Franc
Analysis
1. USDCHF daily candle closed as a pinbar at support (Rejection of lower price intraday)
2. Stoch/RSI showing bullish divergence as price is making lower lows which is implying weakening of sellers
3. Stoch/RSI coming out of "oversold" areas on daily chart

Trigger
Set pending buy stop on the break of the pinbar candle's highs

Trade
-Set stops below the lows of the pinbar candle and targets around 0.9700 to 0.9720.
-A solid 1:2 risk to reward ratio could be achieved as targets fall within the range.
Sep 27
Trade closed: target reached
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