The RSI indicator on the daily time-frame for USDCHF is showing way overbought. A bullish wedge has been forming since November 2017 and it looks like the top of the wedge was broken.
One of two things could happen, price goes back for a re-test and bounces off the wedges upper level to rise up after the major resistance level around 1.0300-1.03250 or price pulls back to the previous swing high or even back to the bottom of the wedge.
Trade Details :
SL : 1.02500
TP 1 : 1.01100
TP 2 : 1.00500
*Don't forget to apply proper risk management!*
One of two things could happen, price goes back for a re-test and bounces off the wedges upper level to rise up after the major resistance level around 1.0300-1.03250 or price pulls back to the previous swing high or even back to the bottom of the wedge.
Trade Details :
SL : 1.02500
TP 1 : 1.01100
TP 2 : 1.00500
*Don't forget to apply proper risk management!*
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.