USD/CHF: Long Signal After Bearish Period, Based on SMA
A long entry signal has been triggered on the USD/CHF chart following the price crossing above the 972-period SMA. This signal is based on the end of a bearish period, confirmed by the price movement turning positive after the close of a 24-bar period. The entry is made once the price crosses above the SMA, which often indicates the start of an upward trend.
The stop-loss level is set at 0.84635, calculated using a 6-period ATR multiplied by 3.9. The take-profit level is set at 0.85140, using an ATR multiplier of 1.5 to determine the target.
This strategy is ideal for short-term trades, leveraging ATR to set dynamic stop-loss and take-profit levels based on market volatility.
The stop-loss level is set at 0.84635, calculated using a 6-period ATR multiplied by 3.9. The take-profit level is set at 0.85140, using an ATR multiplier of 1.5 to determine the target.
This strategy is ideal for short-term trades, leveraging ATR to set dynamic stop-loss and take-profit levels based on market volatility.
Note
Exit by stop-loss
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