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USD / CHF

by Timothy E, February 28, 2021

USD/CHF H4 Technical / Price Action

by Timothy Elroy February 28, 2021

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USD/CHF

|

Long

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H4

Timeframe:

H4

Analysis Method:

Technical / Price Action

Analysis:

Buyers made a strong move at this supporting structure proving bullish continuation. I will be looking for a 2:1 trade here at market open.

Trade Plan:

Taking a long position

Risk Management:

2:1

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    1. I am thinking, and I may be wrong, but it closed with a strong buying candle at this zone. I would be looking at getting into the market long here. What are your thoughts ?

      1. Actually now that I am taking a second look, we saw a strong buying candle at this zone, however that small bearish candle was a close back into the consolidation zone. I will be looking for a break above and close or a retracement and look for buyers to step back in. Thanks!

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