1,2054. USD CHF is in an uptrend supported by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The price should find a support above 1,2045 (9 pips). The uptrend should continue to gather momentum.
=> We could take a long position at 1,2050. We will put the stop loss below 1,2000 (-50 pips). The targets are 1,2150 (+100 pips, risk/reward 1:2), 1,2200 (+150 pips, risk/reward 1:3) .
Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following):
3.
- Resistances
- 1,2075 - 1,2150
- Supports
- 1,2040 - 1,2010
