USD/CHF Buy (Breakout trade)
Updated
since the market has clearly broken through the downward trend, it is a perfect opportunity to enter the breakout now or set a buy limit at the trend line, where it likely to slightly reverse before making a big move upward. This is a standard breakout trade. I recommend making stop loss 50 pips or more and matching this with take profit in order to reach a 1:1 risk/reward. anything under 1:1 would not be practicle
Trade closed: target 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.