Buyusdchf
USD/CHF Buy (Breakout trade)since the market has clearly broken through the downward trend, it is a perfect opportunity to enter the breakout now or set a buy limit at the trend line, where it likely to slightly reverse before making a big move upward. This is a standard breakout trade. I recommend making stop loss 50 pips or more and matching this with take profit in order to reach a 1:1 risk/reward. anything under 1:1 would not be practicle
USD/CHF LONG [DAY TRADING - SMPLE TREND CONTINUATION PATTERN] FX:USDCHF
Day trading analysis.
Price is making higher highs. Currently price is retracing (HL leg formation). We can see there is a Gred B bullish engulfing which might be the potential HL leg point.
I'm looking for long opportunity somewhere around 0.994 - 0.995. For safest entry, always wait for CRS confirmation at 1H / m15 time frame.
SL 30 pips and TP 2 times of SL.
TRADE AT YOUR OWN RISK