USDCHF H1: Best level to BUY/HOLD TP +135 pips
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🔸Hello traders, let's review the 1hour chart for USDCHF today. We are locked inside trading range recently, currently trading near range lows, so risk/reward shifted in bulls favor, therefore recommend to focus on buying low .
🔸Trading range is defined by range highs at 8500 and range lows at 8420, premium prices overhead at 8520 and 8535 and below at 8400 and 8390. Outlook remains mixed as I expect price to trade locked in range to absorb recent losses in USDCHF.
🔸Recommended strategy for USDCHF traders: focus on buying low near
premium prices below the range lows. SL fixed at 8375 TP1 +65 pips TP2 +130 pips final exit at 8520. good luck traders.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
🔸Trading range is defined by range highs at 8500 and range lows at 8420, premium prices overhead at 8520 and 8535 and below at 8400 and 8390. Outlook remains mixed as I expect price to trade locked in range to absorb recent losses in USDCHF.
🔸Recommended strategy for USDCHF traders: focus on buying low near
premium prices below the range lows. SL fixed at 8375 TP1 +65 pips TP2 +130 pips final exit at 8520. good luck traders.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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setting up for a potential reversal early next week
just mind the stop losses below the range lows
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Transakcja zamknięta: osiągnięto wyznaczony cel
TP HIT +130 PIPS CONGRATS
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