USDCHF
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Haven't posted in a long time and it is only fitting that I resume with a major swing trade.
Being a CHF pair, these pairs are one of the most respectable pairs as it relates to following the trend. If you are in it for the long haul, you will be immensely blessed.
Price has been moving steadily in a uptrend, creating demand after demand after demand. Compression is easily seen here as we have now reached a major supply zone and we seek now to sell as sellers are now to enter the market.
Dollar strength has been something to watch over these past months, however, weakness is expected in the coming months.
New Fed chair will be put in this year. Many unexpected things are to happen so be aware.
So I see USDCHF making a bullish move @ 1.00996 and returning to weekly supply to make its big drop.
If you wish to learn more about supply and demand and/or fundamental analysis, message me on trading view at any time or message me on Telegram: t.me/tradingwricky
I give more trade ideas, signals and opportunities with my students.
ALWAYS TRADE WITH NO INDICATORS. MAKES LIFE EASIER!
Sell at market execution @ 1.02074 Intraday
SL: 40 pips
TP: 100 pips
R:R: ~2
Sell limit @ 1.02717 SWING TRADE
SL: 70 pips
TP: 472 pips
R:R: ~6
Take care and always remember trading involves a level of risk, be sharp and exercise proper risk management.
Until next time!
--------------------------------------------------------------------------------------------------------------------
Haven't posted in a long time and it is only fitting that I resume with a major swing trade.
Being a CHF pair, these pairs are one of the most respectable pairs as it relates to following the trend. If you are in it for the long haul, you will be immensely blessed.
Price has been moving steadily in a uptrend, creating demand after demand after demand. Compression is easily seen here as we have now reached a major supply zone and we seek now to sell as sellers are now to enter the market.
Dollar strength has been something to watch over these past months, however, weakness is expected in the coming months.
New Fed chair will be put in this year. Many unexpected things are to happen so be aware.
So I see USDCHF making a bullish move @ 1.00996 and returning to weekly supply to make its big drop.
If you wish to learn more about supply and demand and/or fundamental analysis, message me on trading view at any time or message me on Telegram: t.me/tradingwricky
I give more trade ideas, signals and opportunities with my students.
ALWAYS TRADE WITH NO INDICATORS. MAKES LIFE EASIER!
Sell at market execution @ 1.02074 Intraday
SL: 40 pips
TP: 100 pips
R:R: ~2
Sell limit @ 1.02717 SWING TRADE
SL: 70 pips
TP: 472 pips
R:R: ~6
Take care and always remember trading involves a level of risk, be sharp and exercise proper risk management.
Until next time!
Trade active:
Our market execution entry paid us big this week, if you held that is
We are now going to wait for our next entry higher up to be activated and reap big rewards.
Join the mentorship: t.me/tradingwricky.
More pips coming in the coming weeks!