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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9399, 0.9460, 0.9526

Key Support Levels: 0.9316, 0.9264, 0.9193

Daily Time-frame:

The price on the higher time frame has been showing a bullish momentum for a few weeks. The pair formed higher lows and proceeded to break the resistance area of 0.9337. We expect further momentum in the trend once the price sustains above this zone.

USD/CHF Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price is moving in the major trend direction. The pair has shown rejection from the downside and formed a trendline. We can see the price has broken and retested the 0.9337 level, we expect bullish momentum.

Signal Idea:

Buy Stop Order @ 0.9355

TP 1 @ 0.9394

TP 2 @ 0.9433

Stop Loss @ 0.9316

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

4 comments

  1. Can someone explain me strategy about move SL? Today 3 signals, i mean EUR/AUD, EUR/GBP and EUR/JPY when they HIT TP 1 i moved SL on entry and every signal HIT BE later. But on telegram i see that every signals reached Tp2.

    Thanks a lot

    • If you’re trading low risk way, just go for TP1. Often we move SL to BE after hitting TP1, so TP1 is BE. IF you’re looking for TP2 wait for an explosive move.

    • Did the SL get moved on this trade? The message it hit SL and it was not even close to .9316????

      • Hey Alan,
        This pair made a low of 0.93144 in today’s opening candle and our SL was 0.9316. USD made a gap down after crossing 100 mark last week which caused the move. However, this trade is still valid if your broker hasn’t hit the SL price.
        Happy trading 🙂

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