USDCHF: Buy Signal at Support Zone
I think this week will be bullish for the pair. At least from TA point of view, we have a bullish setup based on a bullish divergence. It gives ys a trend reversal signal at the support zone. Also, we can follow bullish signals from MACD and RSI. If the price breaks the local downtrend line, it will be another bullish signal. We can use the breakout for buying.
Here is an example of a possible long position:
Buy above 0.90600
Stop below 0.89800
Take Profit at 0.93850
Risk per trade must be no more than 1-2% from the trading capital. If the price breaks the support zone, we will have to search for a new trade opportunity.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a possible long position:
Buy above 0.90600
Stop below 0.89800
Take Profit at 0.93850
Risk per trade must be no more than 1-2% from the trading capital. If the price breaks the support zone, we will have to search for a new trade opportunity.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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