AUD/CHF Long Trade Setup – Bullish Divergence Confirmation
Entry: Buy Stop at 0.55713
Stop Loss: 0.54924
Take Profit: 0.56514
📌 Analysis:
The chart shows a clear bullish divergence on both the 4H and 1H timeframes, indicating potential upside momentum.
The RSI is also confirming a shift in strength, supporting a possible reversal.
A break above 0.55713 (buy stop level) would confirm bullish continuation.
🎯 Trade Plan:
Entry triggers upon breakout above 0.55713
Stop loss is set below the recent swing low at 0.54924, ensuring controlled risk.
Targeting 0.56514, aligning with previous resistance levels for a favorable risk-to-reward ratio.
📊 Risk Management:
Ensure proper position sizing to manage risk effectively.
Monitor price action for signs of weakness or early exit signals.
Dynamic trade management – trailing stop or partial profits at key resistance zones.
📢 Let’s see how this setup unfolds! Feel free to share your thoughts in the comments. 🚀📈
Stop Loss: 0.54924
Take Profit: 0.56514
📌 Analysis:
The chart shows a clear bullish divergence on both the 4H and 1H timeframes, indicating potential upside momentum.
The RSI is also confirming a shift in strength, supporting a possible reversal.
A break above 0.55713 (buy stop level) would confirm bullish continuation.
🎯 Trade Plan:
Entry triggers upon breakout above 0.55713
Stop loss is set below the recent swing low at 0.54924, ensuring controlled risk.
Targeting 0.56514, aligning with previous resistance levels for a favorable risk-to-reward ratio.
📊 Risk Management:
Ensure proper position sizing to manage risk effectively.
Monitor price action for signs of weakness or early exit signals.
Dynamic trade management – trailing stop or partial profits at key resistance zones.
📢 Let’s see how this setup unfolds! Feel free to share your thoughts in the comments. 🚀📈
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.