HayatoDragonFX

USDCHF, 4hr timeframe, buy above the kumo cloud

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Hello my friends,

Another setup coming to everyone.
This time is USDCHF pairs.

Notice how price already broken above the kumo cloud and currently continue going up. I think there is a possibility for price to continue going up until 0.9195-0.9200 area which is the nearest resistance.

I am waiting for price to retrace around 0.9115-0.9120 before initiating buy position

Buy USDCHF at 0.9115-0.9120
Stop loss 0.9075
Take profit 1 @0.9155
Take profit 2 @0.9195

RR ratio is 1:2
Use only 1-2% risk
Good luck
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