USDCHF - currently the pair is in consolidation phase, followed by RSI Bullish Divergence and A wedge pattern. These two formations followed by a Bearish trend gives us an indication that market will take a bull run after accumulating positions.
we plan our entry as follows.
Entry Point : After break of Resistance level (LH)
TP1 : with a risk to reward of 1:1
TP2 : 1:2 Risk to Reward
Stop LOSS : slightly below the LL of bearish trend.
we plan our entry as follows.
Entry Point : After break of Resistance level (LH)
TP1 : with a risk to reward of 1:1
TP2 : 1:2 Risk to Reward
Stop LOSS : slightly below the LL of bearish trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.