USD/CHF LONG [DAY TRADING - SMPLE TREND CONTINUATION PATTERN]

USDCHF

Day trading analysis.

Price is making higher highs. Currently price is retracing (HL leg formation). We can see there is a Gred B bullish engulfing which might be the potential HL leg point.

I'm looking for long opportunity somewhere around 0.994 - 0.995. For safest entry, always wait for CRS confirmation at 1H / m15 time frame.

SL 30 pips and TP 2 times of SL.

TRADE AT YOUR OWN RISK

Transakcja zakończona: osiągnięto poziom stop:

If you buy @ 0.9940, it would be a sharp entry. Too bad price retrace back and I managed to set a breakeven. So fortunately I didn't lose any money.

Will look for other opportunity.