USDCHF - EASY Trading Setup - Trendline Break
Updated
Hi Traders!
The price is moving in a range - or it just hasn't a clear trend.
As you can see the price reached the Support below at 0.96400.
After that it rallyed towards the Resistance at 0.97300.
It was moving around there a bit and that's when the Trendline occured.
This trendline finally got broken.
Now we are trading because the Break is our entry trigger.
The SL is above the strong Resistance
and the TP is at the next Support.
We recommend to close the trade when bullish power comes in.
Thanks and successful Trading :)!
The price is moving in a range - or it just hasn't a clear trend.
As you can see the price reached the Support below at 0.96400.
After that it rallyed towards the Resistance at 0.97300.
It was moving around there a bit and that's when the Trendline occured.
This trendline finally got broken.
Now we are trading because the Break is our entry trigger.
The SL is above the strong Resistance
and the TP is at the next Support.
We recommend to close the trade when bullish power comes in.
Thanks and successful Trading :)!
Note
If you want to see the RED BOX again, but in big, you're exactly right here:
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