#USDCHF has broken out of selling trend after FMCO news. And now as it has cross-resistance and candle is closed above the level taking that as support so the market will go for buy after retesting the level.
The analysis is done in the H4 timeframe.
Disclaimer:- Educational Analysis says USD CHF may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
DAILY SUPPORT AND RESISTANCE LEVEL HAVE BEEN PRESENTED ON THE CHART.
ON H1 TF PAIR IS MAKING LOWER HIGH AND LOWER LOW.
EVENTUALLY MADE DOUBLE TOP
ATR IS 15 PIPS.
I HAVE NO...
It seems like USD/CHF is consolidating in the hourly chart and there
might be a rebound to the upside soon.
Based on the hourly chart, buying USDCHF@0.8955-0.8970 with SL below
0.8930 and TP at 0.9050 would be a possible buy set-up.
It seems like the USDCHF has a very strong support level around this and we can definitely start to look for longing opportunity around this support level.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and...
Welcome to our Trade Setups - June 03th ( USDCHF ) !
ENTRY LEVEL @ 0.89971
SL @ 0.89447
TP @ 0.91542
Max Risk: 1% - 3%!
Risk/Reward Ratio: 3
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