Swiss Cheese and Profit? Ichimoku USD/CHF Trade Idea
The Swiss Dollars has been on a text book bullish breakout and run over the past few weeks. We've finally started to fall down and test Tenken Sen. If we break below Tenken Sen the I will be looking to sell on the drawback to Kijun. We can also confirm this early by watching the 1 hour and 4 hour charts for a bearish breakout since I know it can can mess with your psychology to counter trend trade on a larger chart. If we fail to have a bearish breakout on the smaller time frame charts or we fail to break below Tenken Sen on the daily, this setup may become invalidated.
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.