USDCHF Trend Resersal
USDCHF has reach a major bottom and now bulls are expectec to take over the market at least for a while.
MA20 and MA50 start to compress what signs a change in the trend from the several past weeks.
So a long position in this pair maybe profitable enter point at 0.9548 with a stop-loss at 0.9480 (68pips) and TP at 0.9748 for a 200 pips profit. 200/68= 2.94 risk/reward ratio.
DM me for any questions. Be safe.
MA20 and MA50 start to compress what signs a change in the trend from the several past weeks.
So a long position in this pair maybe profitable enter point at 0.9548 with a stop-loss at 0.9480 (68pips) and TP at 0.9748 for a 200 pips profit. 200/68= 2.94 risk/reward ratio.
DM me for any questions. Be safe.
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.