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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9622, 0.9689, 0.9751

Key Support Levels: 0.9498, 0.9437, 0.9329

Daily Chart:

The price on the higher time frame has been in an uptrend for the last few months. There was an ascending trendline formation and the price succeeded in breaking a resistance level of 0.9368 and then there was a break and retest of another level 0.9463 before the price continued its 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 was consolidating between a range of 0.9529 and 0.9460 before the price broke to the upside. The price has done a retest of the level before continuing the trend.

Signal Idea:

Buy Stop Order @ 0.9558

TP 1 @ 0.9620

TP 2 @ 0.9682

Stop Loss @ 0.9496

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.

14 comments

  1. Hi, Can you tell me if there have been any updates to this trade since it rolled over from last friday and TP1 Hit on Tuesday?

  2. Hi I just joins your VIP group. Is OspreyFX a good broker to follow signals?

  3. Hello, the EURUSD trade placed on the 19th of April is not listed here on your website.
    On Telegram TP1 is reached but you did not closed the trade.
    It went then back to SL, and accordingly this should be a 0% trade not 1% since the trade had not been not closed
    Of course if it had reached TP2 you would have closed it, mentioning it as another 2% win
    You guys are deceiving the inexperienced traders, it does not work like that

    • Hello!
      That trade was not posted on the website because it was a day trade and those are posted directly in the group. The trade did hit TP1 and it was closed at 1% Pls. check the group again the closing message was posted right after SL was moved to BE.
      Thanks

      • Hello Vipul, thanks for your message. I’m sorry to disagree with you but you’ve just posted Target profit reached and that’s it. Actually looking at Telegram I can say that rarely a trade closed message is posted. Please show me where the EURUSD trade closed message is….thanks

        • Hi,
          We update when TP1 and TP2 or SL is hit. Once TP is hit, the trade is closed automatically right. Traders are expected to manage their own positions as they like. You can exit the whole position at either TP1 or TP2 or you can have partial exits at both target points for eg. 50-50.
          Hope this clears it.

  4. Is this trade still working, will we hold it on Monday or we can can close this trade after market open?
    Because TP1 wasn’t hit yet.

  5. Usdchf. It has been running many days. Bound for a pull back. Why call at that breakout which waa a resistance

    • Hi,
      This is a break and retest trade and we’ve had good success with this strategy, we secured a 1R trade just a few days ago in this same pair using this strategy. There’s always an SL though in case our analysis doesn’t work the way we expect.
      Have a good day.

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