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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9510, 0.9575, 0.9641

Key Support Levels: 0.9416, 0.9370, 0.9307

Daily Chart:

The price on the higher time frame has been forming higher highs and respecting the trendline. The pair attempted to break the resistance level of 0.9368 but faced a rejection. The price then bounced back from the trendline and has broken that level again with good momentum.

USD/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The pair has formed an ascending trendline and broken the resistance level of 0.9442 and then did a retest to that level before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.9467

TP 1 @ 0.9507

TP 2 @ 0.9547

Stop Loss @ 0.9427

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.

6 comments

  1. Hello,
    Frist try for me
    My tp1 was set at 0.9507 like in the post but when you said tp1 hit on telegram it was around 0.84860 was in profit but did not hit the tp and i dont know if its me Who got something wrong.

    Thanks for your help

    • Hello!
      The group is updated with a snapshot of a chart when TP is hit and the price is still above our TP1. Pls. check whether you chose the right instrument because your mentioned price seems way off.
      Have a good day.

    • Hello ,
      Thank you for your answer.
      I meant 0.94860 miss write
      But what i wanted to say is when you said tp hit the market did not it the tp for me and my tp was set at 0.95070 like you set it on the post
      Want to know what am i doing wrong
      Have à Nice Day.

      • Hello!
        It is odd that your TP was not hit as you can see in the snapshot that the price was 0.9508 when TP1 announcement was made and the pair made a high of 0.9536 after that so there is no way TP1 was not hit. Maybe check with your broker.
        Thanks

  2. new to the signals- Is it up to us to decide if we close the position at TP1 or TP2? Or do we close 50% of the position when we reach TP1 and let the rest run to TP2 or Breakeven? Or do you update?

    • Hello!
      Yes, it is up to you whether you want to close the whole position at TP1 or TP2 we update on breakeven. Ideally, you should do partial exits at both points.
      Have a good day.

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