TradingView
ForecastCity_ME
Jul 29, 2020 11:53 AM

Don't miss the great buy opportunity in USDCHF Long

U.S. Dollar/Swiss FrancFXCM

Description

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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Comments
Josef_anderson
thanks for your ideas
ForecastCity_ME
@Josef_anderson, You're welcome!
Kamryn
Great analysis buddy
ForecastCity_ME
@Kamryn, Thank you for your comment! We appreciate it.
Sir_Ray
Thank you for your insight.
ForecastCity_ME
@Sir_Ray, Thank you for your comment! We appreciate it.
Kristalyn
Your analysis is very accurate. Thanks a lot
ForecastCity_ME
@Kristalyn, Thank you for your comment! We appreciate it.
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