FedericoSellitti

USDCHF trading with an amazing risk to reward ratio!

Long
OANDA:USDCHF   U.S. Dollar / Swiss Franc
USDCHF is still following an up-channel, although sellers seem to be quite strong now and are attempting to break this chart-pattern, pushing the price down.
We have had some signs that buyers are still trying to buy at the bottom of the up-channel, like the good hammer with the lower shadow on the channel and last candle that represents a good reaction.
A breakout of the channel is still possible, but with a risk to reward ratio that is better than 1:4, I think this is a trade that we should have.
Trade closed manually:
Trade removed at the entry point because price outside the channel.

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