USDCHF Climbed considerably high a few weeks ago breaking the long held range trading in the process on the back of the USD strength. However since then the price seems to have lost some momentum and now it looks to go lower. Based on technical perspective on the 4H timeframe, the support of 0.93000 must be broken on the daily chart! After this A Short swing trade could be executed with the target being the ascending trendline beneath at the region of 0.92000.
All the trade details are clearly visible on the main chart shall the above stated criteria be met. Remember to adjust your entry point to attain ideal 1:1 RR.
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All the trade details are clearly visible on the main chart shall the above stated criteria be met. Remember to adjust your entry point to attain ideal 1:1 RR.
Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into other major currency pairs.
