The USDCHF is currently rebounding from the lower low area of the ascending channel. A bullish flag has formed on the 4-hour timeframe, signaling potential upward movement.
📊 Expectations:
We anticipate the pair to re-test key support levels as highlighted in the attached chart.
📉 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. These are long-term positions, so ensure you have sufficient margin to manage market fluctuations. Utilize proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
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