Usdchftrade
USDCHF TRADE IDEAUSDCHF lose some power and it closed pretty bearish. I'll be looking to go short here, as I know that bearish pin bars after that kind of strong bullish closes are more like a "trap", but risk/reward ratio is not bad, and I'll take it with smaller risk.
My trade idea here is:
USDCHF SELL BELOW 0.9920
SL 1.0000 (-80 pips)
TP 0.9800 (+120 pips, Key zone)
TP2 0.9550 (+370 pips, only if price break below the trend line)
USDHCF BUY ABOVE 1.0000
SL 0.9925 (-75 pips)
TP 1.0110 (+110 pips)
USD/CHF - 2 Scenario's for a long trade!If the first support level of 0.99500 won't be broken we could see a possible raise to 0.99950
If the support level will be broken we could see a fall to the second support level which is 0.99200
Wait for confirmation of the first support level!
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