USDCHF testing major support, remain bullish

FX:USDCHF   US-Dollar / Schweizer Franken
Buy above 0.9741. Stop loss at 0.9704. Take profit at 0.9809.
Reason for the trading strategy (technically):
Price has dropped further and is in a strong descending wedge formation. The plan is to go flat now and buy on the bullish exit of this formation. We look to buy on the bullish break of 0.9741 (Horizontal overlap resistance, Fibonacci retracement , descending resistance) and we expect momentum to push price up to at least 0.9809 resistance ( Fibonacci retracement , horizontal swing high resistance, Fibonacci extension ).
Stochastic (34,3,1) is seeing strong support above 11% where we expect a bounce from soon. --> join the waiting list for our free live trading room!
what is the update on this?
Could you please explain your strategy a bit more for me to learn?
Love your clean analysis, always better than the other authors here!
the master has spoken once again. thanks MEX_Exchange!
My name is Seikif and I am always following your analysis. It has helped me a lot in my learning to be a successful trader. Thanks MEX_Exchange!
thanks... you are good.
everyone we should thank MEX_Exchange more for all the work he has been doing...
Can you explain more on your view for this trade?
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden