BenMussenbaum

USDCHF GREAT LONG SETUP

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
It's time to talk about the USD/ Swiss Franc breaking out above the weekly level, now floating in indecisiveness.

The pair might just go straight to the "take level" I've identified and further above. Yet this way it does not present any decent trading opportunity.

I am waiting for it to bounce back to the support weekly level, and there we should go long, with the "take level" being the first target. That way we've got a good risk/reward ratio, having our stops right below the support level .

Thank you for reading guys,

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I do appreciate your opinion.

Comments

I have made this overall MTA for usdchf, pretty interesting pair
+1 Reply
BenMussenbaum transparent-fx
@transparent-fx, hi, thank you for the comment. Seems like we've got the same thinking here. I am glad I am not alone on this idea.
Reply
I agree with the idea. But we should look at the price action closely when the pair is on the level.
+1 Reply
BenMussenbaum FlexTradingPro
@FlexTradingPro, yes, I will update the idea when the level is reached.
Reply
what do you think guys?
+1 Reply