USDCHF Short, RR 1 : 2.2
USDCHF Daily candle closed bearish for five consecutive days since last Friday breaking few key support levels, expecting some further downside.
Reason :
- Strong berish momentum breaking 0.9800 area.
- Support became Resistance.
- Potential to reach next support points :
Entry point Short : CMP or 0.9820 area ; TP : 0.9725 area ; SL around previous high 0.9855 area
Risk Reward 1:2.2
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- Strong berish momentum breaking 0.9800 area.
- Support became Resistance.
- Potential to reach next support points :
Entry point Short : CMP or 0.9820 area ; TP : 0.9725 area ; SL around previous high 0.9855 area
Risk Reward 1:2.2
Always remember to trade with stop-loss, market is crazy & cunning*
Trade closed: target reached
TP 0.9730 hit. Position closed, have a great market closing traders!
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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.
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.