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USD-CHF STRUCTURE LONG|TRADING PLAN
U.S. Dollar / Swiss Franc
Long
USD-CHF STRUCTURE LONG|TRADING PLAN
By ProSignalsFx
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Aug 17, 2020
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Aug 17, 2020
The pair has reached a 2015 low that has presented itself as a strong support level, thus our target trade is a long.
USDCHF is suppressed by the two diagonal downward trend-lines, and will be facing two horizontal resistance lines on its way up.
TRADING PLAN:
1-long now
2-SL below the lowest of the shadows below the support
3-Take 1 is the R1, T2 and further=trailing stop.
If there is a confirmed breakout downwards, then the alternative trading plan is to short the pair from the pullback.
Thank you for reading, like and subscribe and have a nice day!
Chart Patterns
chf
dollar
forecast
Technical Indicators
swissfranc
Technical Analysis
Trend Analysis
USD
USDCHF
usdchflong
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