Swiss Fade? USD/CHF Ichimoku Long Trade
This pair has been ranging for a while now and I'm watching to see if we have some upside potential.
I want to see price break recent price structure resistant as my trigger to buy as you can see from my entry line in yellow.
Overall we have a good risk to reward here but it is a longer term play if it does activate.
I've drawn out several partial take profit levels on the way to what would be my overall target.
We're close a bullish kumo twist which may help confirm that we are about to try and head higher.
If we fail to break the price structure resistance at my entry or if our bullish confirmations change, this setup may become invalidated.
I want to see price break recent price structure resistant as my trigger to buy as you can see from my entry line in yellow.
Overall we have a good risk to reward here but it is a longer term play if it does activate.
I've drawn out several partial take profit levels on the way to what would be my overall target.
We're close a bullish kumo twist which may help confirm that we are about to try and head higher.
If we fail to break the price structure resistance at my entry or if our bullish confirmations change, this setup may become invalidated.