USDCHF LONG

17 Jan

📈 Market Analysis - Buy Opportunity 📉

USDCHF has recently broken the top (lower high) area of the downtrend line in the 4-hour timeframe chart.

📊 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.

📊 Trading Strategy:
This trade is rooted in a blend of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.

🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.

2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.

3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.