Price made a peaceful retest on its break above this bullish pattern; Descending Wedge. From here on, the bulls will be responsible for driving price up to the 0.92250 region.
Do you think about R/R ratio > 10 with this item.
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...
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...