$USD/CHF - Bottom of Range Bound *M

- $USD/CHF has been trading inside a range bound from basically
since 2012.
Past two months, price action came very close to testing
the Lows of printed on January 2021 at 0.87576$

At the current Monthly Candlestick,
Price its breaking out from a Falling Wedge (bullish pattern).
Its measured move would put $USD/CHF at 0.97$
There sits a great opportunity to Buy $USD/CHF from here,
while stoploss can be adjusted in different ways depending on
your trading style and your risk appetite .
(we'll zoom in more for market structure on smaller tf)
Bounce to at least 20 & 50 EMA is highly a probable outcome,
conflicting as well with a test of the nearest S/R area.



TRADE SAFE
***NOTE that this is not Financial Advice .
Please do your own research and consult your own Financial Advisor
before partaking on any trading activity based solely on this Idea

ความคิดเห็น:

*M
PoC (Point of Control) on Volume Profile conflicting with at least the technical bounce to 20&50EMA and S/R test

ความคิดเห็น:

*Daily Zooming in

*Entre Set-Up

ความคิดเห็น:

USD/CHF
*Daily (tf)

Macro S/R to be Held
(positioning idea on the long run, weight your risk properly)