USDCHF (1D): Short Opportunity at Triple Top
Updated
USDCHF Timeframe: 1D
Direction: Short
Confluences for Trade:
- Approaching Double Top Resistance to create Triple Top
- Stochastic Overbought momentum (Weekly and Daily Charts)
Look for ST trendline break in the internal triangle to get further confirmation as currently, the market situation is very volatile.
Suggested Trade:
Entry @ Area of Interest 0.9970 - 1.0050
SL: 1.0113
TP: 0.9740
RR: Approx. 2.30 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Note
Price continues to be strongly resisted from going up at 1.01 levels. Still holding. Long term trade. :)
Trade closed: stop reached
Trade active
We feel that this setup is still valid and have reentered with the same TP level, revising our SL levels to 1.0202
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
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