Buy USDCHF as dollar expected to strengthen
Updated
A new play set up for buying USDCHF. The trade idea are
1. Dollar expected to rise as FED possible to hike the rate in upcoming June
2. Price show reversal at the bottom of daily channel
3. Price has already broken resistance trendline in 1H chart
1. Dollar expected to rise as FED possible to hike the rate in upcoming June
2. Price show reversal at the bottom of daily channel
3. Price has already broken resistance trendline in 1H chart
Comment
Just want to update this idea. Still believe that USDCHF will go up in the next coming week and last Friday price was retrace near the decision level and I think it is a good opportunity for buy entry. If the price break down below the trend line this trade is over.
SL 0.96550
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