USDCHF BUY IDEA
WE SEE IT HITTING MA200 ONE OF THE RESPECTED MA INDICATORS
WE ALSO SEE IT CREATED A HL CONFIRMING THE POSSIBLE CONTINUATION OF AN UPTREND
FIB HIT 50-61.8 ZONE
PRICE HITTING UPTREND SUPPORT
PRICE HITTING MAJOR SUPPORT PREVIOUS RESISTANCE
RSI SHOWING DIVERGENCE. OVERSOLD
MULTIPLE CONFIRMATIONS FOR A BUY
SL IS AT ABOUT 95PIPS. I ALWAYS TRY TO DO A 1:2 RISK/REWARD RATIO. ONLY RISKING 5% OF TOTAL ACCOUNT. YOU SHOULD NEVER LET YOURSELF BLOW YOUR ACCOUNT ON JUST 1 TRADE. IF SO YOU ARE OVER LEVERAGING AND/OR NOT HAVING PROPER RISK MANAGEMENT.
WE ALSO SEE IT CREATED A HL CONFIRMING THE POSSIBLE CONTINUATION OF AN UPTREND
FIB HIT 50-61.8 ZONE
PRICE HITTING UPTREND SUPPORT
PRICE HITTING MAJOR SUPPORT PREVIOUS RESISTANCE
RSI SHOWING DIVERGENCE. OVERSOLD
MULTIPLE CONFIRMATIONS FOR A BUY
SL IS AT ABOUT 95PIPS. I ALWAYS TRY TO DO A 1:2 RISK/REWARD RATIO. ONLY RISKING 5% OF TOTAL ACCOUNT. YOU SHOULD NEVER LET YOURSELF BLOW YOUR ACCOUNT ON JUST 1 TRADE. IF SO YOU ARE OVER LEVERAGING AND/OR NOT HAVING PROPER RISK MANAGEMENT.
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