🔸Hello traders, let's review the 2 hour chart for USDCHF today. Bear flagging since June,
expecting breakdown and subsequent re-test of year lows near 8850 later.
🔸Short-term expecting more range-locked price action within the flag pattern structure,
position traders should stay on sidelines and wait before short selling from resistance.
🔸Recommended strategy for USDCHF bears: wait for price to re-test near 9020/9040
and short with SL 40 pips TP1 +90 pips TP2 +180 pips final exit at 8850 BEARS.
this is a swing trade setup, patience required. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
expecting breakdown and subsequent re-test of year lows near 8850 later.
🔸Short-term expecting more range-locked price action within the flag pattern structure,
position traders should stay on sidelines and wait before short selling from resistance.
🔸Recommended strategy for USDCHF bears: wait for price to re-test near 9020/9040
and short with SL 40 pips TP1 +90 pips TP2 +180 pips final exit at 8850 BEARS.
this is a swing trade setup, patience required. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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💎Syndicate Black
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📕MyFXBOOK verified 500%+ gains
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.