USDCHF Entry Levels
Entry Level 1 - price reversed from Kijun with RSI confirmation and gave a signal for opening short trades.
Entry Level 2 - if price breaks the support level 1.005, we'll have a new opportunity to join down movement.
DMI confirms down movement. Stop orders must be placed above Kijun line. For exit it's better to use trailing stop or round levels. If price bounces from the support level and RSI confirms price reversal, we'll have a buy signal and possible up movement to 1.01-1.015 levels.
Entry Level 2 - if price breaks the support level 1.005, we'll have a new opportunity to join down movement.
DMI confirms down movement. Stop orders must be placed above Kijun line. For exit it's better to use trailing stop or round levels. If price bounces from the support level and RSI confirms price reversal, we'll have a buy signal and possible up movement to 1.01-1.015 levels.
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.