RandyFuego
Long

USDCHF 97 Pips Increase. Buy opportunity

FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF has finally broken out the downtrend on the lower time frames. An strong February NFP data and a long waited Fibo-retracement should boost the dollar higher before we can see another drop .
We can see that the currency formed a reversal pattern on the daily chart ( inverted head and shoulders ) and it's currently being held up by the 50MA which is also indicating the entry point for opportunist buyers. The R/R ratio it's 1:5 approx if use the neckline as of the inverted H&S pattern as support.

Trade safe with proper risk management.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out