We're watching USD/CHF closely for a bullish trend reversal. The pair is currently in a bearish trend, but a clear bullish divergence has formed—signaling early momentum shift.
According to Myfxbook sentiment data, 92% of retail traders are holding long positions, indicating strong bullish interest in this pair. However, we are waiting for confirmation via breakout of the last lower high (LH) before entering the trade.
Trade Details:
🔹 Pair: USD/CHF
🔹 Trend: Bearish (reversal expected)
🔹 Divergence: Bullish
🔹 Sentiment: 92% Long (Myfxbook)
🔹 Entry: Buy Stop at 0.81334 (after LH breakout)
🔹 Stop Loss: 0.80966
🔹 Take Profit: 0.81702
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Trade will only be activated after confirmation of breakout above the last LH, signaling the start of a bullish structure.
#USDCHF #ForexSignals #BullishDivergence #TrendReversal #MyfxbookSentiment #RetailPositioning #TechnicalAnalysis #ForexSetup #BreakoutTrade #RiskManagement #PriceAction #1HChart #SmartMoney #FXTrading #ReversalSetup
According to Myfxbook sentiment data, 92% of retail traders are holding long positions, indicating strong bullish interest in this pair. However, we are waiting for confirmation via breakout of the last lower high (LH) before entering the trade.
Trade Details:
🔹 Pair: USD/CHF
🔹 Trend: Bearish (reversal expected)
🔹 Divergence: Bullish
🔹 Sentiment: 92% Long (Myfxbook)
🔹 Entry: Buy Stop at 0.81334 (after LH breakout)
🔹 Stop Loss: 0.80966
🔹 Take Profit: 0.81702
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Trade will only be activated after confirmation of breakout above the last LH, signaling the start of a bullish structure.
#USDCHF #ForexSignals #BullishDivergence #TrendReversal #MyfxbookSentiment #RetailPositioning #TechnicalAnalysis #ForexSetup #BreakoutTrade #RiskManagement #PriceAction #1HChart #SmartMoney #FXTrading #ReversalSetup
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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.