USD to gain over CHF
Mis à jour
USD CHF has been in pressure since the beginning of April. Now things look a little different. This currency pair has taken support near the fib level of 0.5 of the trend change that happened in beginning of this year.
currently RSI shows the accumulation that has happened over past 2 weeks with a solid RSI divergence.
Waiting for the price to settle above 0.92 and RSI of 4H cross above 52. I will be activating my longs in this pair with a sl of 0.91 for an upside of 1:1.5 to 1.2:5
First two targets are mentioned in the frame
PS: have taken a small entry near 0.914 because of changes in 1H chart formation.
I will keep updating the thread with trailing SL.
currently RSI shows the accumulation that has happened over past 2 weeks with a solid RSI divergence.
Waiting for the price to settle above 0.92 and RSI of 4H cross above 52. I will be activating my longs in this pair with a sl of 0.91 for an upside of 1:1.5 to 1.2:5
First two targets are mentioned in the frame
PS: have taken a small entry near 0.914 because of changes in 1H chart formation.
I will keep updating the thread with trailing SL.
Note
instead of taking a stop I have added same quantity at .9102 and updated SL of 0.902I knew it was US policy, stop hunting of .91 will be done. being a positional trade had removed the SL.
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