USD/CHF: Signal Triggered - Expecting a Bullish Move
Updated
A buy signal has been generated for based on the following technical conditions:
SMA50/EMA26 Crossover: The 50-period Simple Moving Average (SMA50) has crossed above the 26-period Exponential Moving Average (EMA26), which is a strong bullish signal indicating a potential upward trend.
Bullish Power Confirmation: Bull Bear Power indicator has confirmed the signal by reaching a specified level that historically correlates with positive price action. This level is carefully selected to filter out false signals and ensure high probability trades.
Trade Setup:
Entry Level: 0.85225 (Based on SMA50/EMA26 crossover)
Stop-Loss: 08508 (Determined by the strategy)
Take-Profit: 0.8622 (Calculated with a predefined multiplier on risk)
This setup indicates that
USDCHF is likely to continue its upward movement, supported by strong technical indicators. Traders should consider entering a long position at the current market price.
https://www.tradingview.com/x/G59kQLK4/
SMA50/EMA26 Crossover: The 50-period Simple Moving Average (SMA50) has crossed above the 26-period Exponential Moving Average (EMA26), which is a strong bullish signal indicating a potential upward trend.
Bullish Power Confirmation: Bull Bear Power indicator has confirmed the signal by reaching a specified level that historically correlates with positive price action. This level is carefully selected to filter out false signals and ensure high probability trades.
Trade Setup:
Entry Level: 0.85225 (Based on SMA50/EMA26 crossover)
Stop-Loss: 08508 (Determined by the strategy)
Take-Profit: 0.8622 (Calculated with a predefined multiplier on risk)
This setup indicates that
USDCHF is likely to continue its upward movement, supported by strong technical indicators. Traders should consider entering a long position at the current market price.https://www.tradingview.com/x/G59kQLK4/
Trade closed: stop reached
Unfortunately, shortly after entering the trade based on the signal, our stop-loss was triggered. The reason for this was the Powell Fed speech, which had a significant impact on the forex markets as a whole and considerably weakened the dollar in the short term.
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.