USDCHF Trade Idea
When checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure
Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy
My level of interest to buy at will be 0.99336 with
SL below the previous swing low @ 0.98576 and
Take profit higher up just below resistance @ 1.00496
As usual, don't bet the farm and exercise good risk management.
For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy
My level of interest to buy at will be 0.99336 with
SL below the previous swing low @ 0.98576 and
Take profit higher up just below resistance @ 1.00496
As usual, don't bet the farm and exercise good risk management.
For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
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