Sell USDCHF Breakout

16 เม.ย. 2024

The USD/CHF pair on the M30 timeframe presents a possible shorting opportunity due to a recent breakout from a pattern.

Potential Short Trade:

Entry: Below the broken level, ideally around 0.9140 after confirmation of the breakout. Confirmation could involve a retest of the broken level as resistance or a sustained move below the level.

Target Levels:
0.9060: This represents a potential initial target based on a measured move approach (distance from the breakout point to the pattern's height).
0.9024: This is a further extension of the downside target.

Stop-Loss: Place a stop-loss order above the broken level, ideally around 0.9155. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

Thank you

16 เม.ย. 2024

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