USDCHF, 4hr timeframe, buy above the kumo cloud
Hello my friends,
Another setup coming to everyone.
This time is USDCHF pairs.
Notice how price already broken above the kumo cloud and currently continue going up. I think there is a possibility for price to continue going up until 0.9195-0.9200 area which is the nearest resistance.
I am waiting for price to retrace around 0.9115-0.9120 before initiating buy position
Buy USDCHF at 0.9115-0.9120
Stop loss 0.9075
Take profit 1 @0.9155
Take profit 2 @0.9195
RR ratio is 1:2
Use only 1-2% risk
Good luck
Another setup coming to everyone.
This time is USDCHF pairs.
Notice how price already broken above the kumo cloud and currently continue going up. I think there is a possibility for price to continue going up until 0.9195-0.9200 area which is the nearest resistance.
I am waiting for price to retrace around 0.9115-0.9120 before initiating buy position
Buy USDCHF at 0.9115-0.9120
Stop loss 0.9075
Take profit 1 @0.9155
Take profit 2 @0.9195
RR ratio is 1:2
Use only 1-2% risk
Good luck
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