Hi Everyone,
I have just entered a buy position in USDCHF to hold until next order block above on the 1H Timeframe.
It does look like a rising wedge, but it has failed to break below recent support & order block around 0.964 area, so I think it needs to visit 0.9700 key level to grab more orders and then it will be ready for the next move.
This trade has also the fundamentals in its side, which helps to increase the probability of hitting take profit.
If you have another view, let me know in the comments below!
Thanks,
Gaspar_Trader
I have just entered a buy position in USDCHF to hold until next order block above on the 1H Timeframe.
It does look like a rising wedge, but it has failed to break below recent support & order block around 0.964 area, so I think it needs to visit 0.9700 key level to grab more orders and then it will be ready for the next move.
This trade has also the fundamentals in its side, which helps to increase the probability of hitting take profit.
If you have another view, let me know in the comments below!
Thanks,
Gaspar_Trader
Trade active
We are above 1:1 RR so I encourage you to protect your trades now :)Take some partials if you like, but let it run to TP.
At least we are risk free now!
Good luck!
Trade closed: target reached
Target Reached :)
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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.