Hi traders
I am expecting another push to the upside on USDCHF. Looking at current market structure and price action it seems to be lining up nicely.
The only thing I need to see now is a clear break above the current resistance (red box) - going long at retest. Risk/reward 1:2. I am re-setting the stop to break-even once price hits 1R (dashed line). No trade without a clear brake!
Let me know what you think in the comments below :)
Good luck.
I am expecting another push to the upside on USDCHF. Looking at current market structure and price action it seems to be lining up nicely.
The only thing I need to see now is a clear break above the current resistance (red box) - going long at retest. Risk/reward 1:2. I am re-setting the stop to break-even once price hits 1R (dashed line). No trade without a clear brake!
Let me know what you think in the comments below :)
Good luck.