Today on monday 16th I decided to go Short on USDCHF mainly because It fullfills my trading requirements
there is this wedge pattern with a Strong RSI divergence going on and price is almost at a key resistance level that couldn't break for a while making this a good risk&reward BUT tomorrow 12:30 UTC there would be alot of volatility going on with the US CPI reports forcing our stops a bit wider then usual.
Although stops are a bit wide our target is not that bad it's set at a key support level that has hold also for a while.
I also drawed a trend support line inside the wedge indicating a good entry potentially break further and go south.
there is this wedge pattern with a Strong RSI divergence going on and price is almost at a key resistance level that couldn't break for a while making this a good risk&reward BUT tomorrow 12:30 UTC there would be alot of volatility going on with the US CPI reports forcing our stops a bit wider then usual.
Although stops are a bit wide our target is not that bad it's set at a key support level that has hold also for a while.
I also drawed a trend support line inside the wedge indicating a good entry potentially break further and go south.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.