I'm entering a long swing trade on USD/CHF off the weekly timeframe, aiming for a strong upside move over the coming months/years.
🔍 Entry Zone: 0.82xx (current region)
🎯 Target: 1.01585
🛑 Stop Loss: Below 0.80188
⚖️ Risk-Reward: Over 4:1
⏳ Time Horizon: Long-term swing (1–3 years)
Technical Justification:
Major Weekly Support: Price has bounced off a strong historical demand zone dating back to 2014–2015 levels.
Long Wicks + Rejection Candles: Bullish price action showing exhaustion of sellers.
Potential Double Bottom Structure: Early signs of trend reversal forming.
MACRO Opportunity: USD is historically resilient, and CHF may weaken on any shift away from risk aversion or SNB policy changes.
🔍 Entry Zone: 0.82xx (current region)
🎯 Target: 1.01585
🛑 Stop Loss: Below 0.80188
⚖️ Risk-Reward: Over 4:1
⏳ Time Horizon: Long-term swing (1–3 years)
Technical Justification:
Major Weekly Support: Price has bounced off a strong historical demand zone dating back to 2014–2015 levels.
Long Wicks + Rejection Candles: Bullish price action showing exhaustion of sellers.
Potential Double Bottom Structure: Early signs of trend reversal forming.
MACRO Opportunity: USD is historically resilient, and CHF may weaken on any shift away from risk aversion or SNB policy changes.
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.