Hey there,
Today on USDCHF we had a very strong bullish move on the support level around the 0.96600 area. Throughout the day the price action broke through two clear resistance areas one upper structure at around the 0.97200 area and continued up to the upper trend line on the symmetrical triangle. Price action pushed through and re tested both the upper structure and the old resistance confirming support at these levels.
Entry on Trade at 0.9724100
Stop Lose at 0.96806
Take profit at 0.99038
Risk reward ratio of 4.5:1
Thanks
Today on USDCHF we had a very strong bullish move on the support level around the 0.96600 area. Throughout the day the price action broke through two clear resistance areas one upper structure at around the 0.97200 area and continued up to the upper trend line on the symmetrical triangle. Price action pushed through and re tested both the upper structure and the old resistance confirming support at these levels.
Entry on Trade at 0.9724100
Stop Lose at 0.96806
Take profit at 0.99038
Risk reward ratio of 4.5:1
Thanks
Trade closed: target reached