USDCHF is breaking out from a wedge formation to the upside.
Rising wedges usually break to the upside.
RSI is giving a clear bullish signal of breaking 60 after quite some time, and has potential to rise again.
MACD is giving also a buy signal.
EMA's (20 and 50) are likely to give a buy signal, or are giving a fake buy signal right now.
Free 26 pip trade.
TP 0.90792 (27)
EN 0.90522 ♨️
SL 0.90442 (-8)
Reward/Risk = 3.33 RR
Good luck!
Tibor
Rising wedges usually break to the upside.
RSI is giving a clear bullish signal of breaking 60 after quite some time, and has potential to rise again.
MACD is giving also a buy signal.
EMA's (20 and 50) are likely to give a buy signal, or are giving a fake buy signal right now.
Free 26 pip trade.
TP 0.90792 (27)
EN 0.90522 ♨️
SL 0.90442 (-8)
Reward/Risk = 3.33 RR
Good luck!
Tibor
Trade active
Filled order at 0.90522Trade closed: target reached
Took profit at 0.90792! +27 pips
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.