USDCHF Long Setup

OANDA:USDCHF   U.S. Dollar / Swiss Franc
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

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

-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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out