USDCHF Daily candle closed bearish for five consecutive days since last Friday breaking few key support levels, expecting some further downside.
Reason :
- Strong berish momentum breaking 0.9800 area.
- Support became Resistance.
- Potential to reach next support points :
Entry point Short : CMP or 0.9820 area ; TP : 0.9725 area ; SL around previous high 0.9855 area
Risk Reward 1:2.2
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- Strong berish momentum breaking 0.9800 area.
- Support became Resistance.
- Potential to reach next support points :
Entry point Short : CMP or 0.9820 area ; TP : 0.9725 area ; SL around previous high 0.9855 area
Risk Reward 1:2.2
Always remember to trade with stop-loss, market is crazy & cunning*
Trade closed: target reached:
TP 0.9730 hit. Position closed, have a great market closing traders!