USDCHF: New Buying Opportunity

We have a new buying opportunity from 0.90100 support zone. The market is forming a reversal candlestick pattern. RSI confirmed the price reversal from the support as well as MACD histogram.

Here is an example of a possible long trade:
Buy above 0.90450
Stop below 0.89950
Profit Target at 0.91950

Risk per trade must be no more than 1-2% from the capital.



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.