Big opportunity for selling USDCHF. As you can see, the pair has reached a resistance in the daily chart, and the pin bars are showing this resistance. Also, the RSI is clearly overbought and the MACD is near a potential bearish cross.
Target is on the lower trend line of the current formation. However, I would consider to take profits before, perhaps around 1.0025, as economic data release could put a break on this move, if it plays out.
Target is on the lower trend line of the current formation. However, I would consider to take profits before, perhaps around 1.0025, as economic data release could put a break on this move, if it plays out.
Trade active
So far so good, breaking the 50EMA in the 4h chartTrade active
Moving SL for a free non -risk trade :)Trade closed: stop reached
The FED statement 2 days ago had too much impact for the dollar. I will re evaluate again and perhaps wait for this last move to lose momentum.Trade active
After closing a 4h candle pin bar, open again trade at 1.0267.TP1 - 1.01093
TP2 - 1.00702
Trade closed manually
Both targets, TP1 and TP2 hit :)
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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.