TradingView
ForecastCity
Jul 29, 2020 11:49 AM

Don't miss the great buy opportunity in USDCHF Long

FX:USDCHF60
U.S. Dollar/Swiss FrancFXCM

Description

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Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9156). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.

Take Profits:
TP1= @ 0.9185
TP2= @ 0.9210
TP3= @ 0.9235
TP4= @ 0.9285
TP5= @ 0.9320

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsUSDchfUSDCHFdollarswissfranc
Comments
Grahamt4
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at time of viewing.30/7/20 10,30 am it has broken 0.9156. is it good practice to wait for retest.
ForecastCity
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@Grahamt4, Thanks for your comment.
NoFaceNoCase2020
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@Grahamt4 yes
ciscoSMC
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Thank you. A blessing guide.
ForecastCity
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@jrcii0620, You're welcome.
adzm0b
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would you say long now?
ForecastCity
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@62ef38397df1445aa362f6e4441d9c, It's a buying opportunity. And traders can set orders based on Price Action and expect to reach short-term targets.
fxniki
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I like your intraday forecasts and it was such a great buy opportunity in USDCHF.
ForecastCity
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@fxniki, We're glad you liked it. 💎🙏💎
PattyC9595
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Help a new guy out - why have you set multiple TP levels? are these just suggested levels for us to set based on our personal risk tolerance?
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