USDCHF Short Buy Idea
Interesting Risk x Reward Trade
White Swan Pattern followed by a Bullish Divergence.
50 MA forming support on the daily chart, and 200 MA on the 4h chart, which also gives us a bullish divergence.
SL is right below the last low
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
White Swan Pattern followed by a Bullish Divergence.
50 MA forming support on the daily chart, and 200 MA on the 4h chart, which also gives us a bullish divergence.
SL is right below the last low
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
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.