Hi guys, here is my analysis about
USDCHF
.
I would start saying sorry about higher timeframes images absence but I'm not a pro user so I can't add them.
Anyway, if you have the USD/CHF chart you can clearly see that the price is moveing in a range in the 1D timeframe, the top of this range will be our first target.
We can see an other range in the 1H chart, formed before the price toutched the range bottom again (1D chart range).
This is what make me to look for a long entry at the broke of this range (1H chart range).
At the moment price has already broken the 1H range and made a retest too.
If we follow the retest with a trendline we can understand when to get in at her break.
I think this will happen when the price will be close to the principal trendline.
Targets for this trade are:
For any question or suggestion, comment below.
Thanks for reading.
USDCHF
. I would start saying sorry about higher timeframes images absence but I'm not a pro user so I can't add them.
Anyway, if you have the USD/CHF chart you can clearly see that the price is moveing in a range in the 1D timeframe, the top of this range will be our first target.
We can see an other range in the 1H chart, formed before the price toutched the range bottom again (1D chart range).
This is what make me to look for a long entry at the broke of this range (1H chart range).
At the moment price has already broken the 1H range and made a retest too.
If we follow the retest with a trendline we can understand when to get in at her break.
I think this will happen when the price will be close to the principal trendline.
Targets for this trade are:
- Resistance at 0.99694;
- 1D chart range top at 1.00000.
For any question or suggestion, comment below.
Thanks for reading.