1,1129. USD CHF is in an uptrend supported by 1H exponential moving averages. USD CHF is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF. The uptrend should continue on 1,1280 resistance (151 pips).
=> We could take a long position at 1,1100. We will put the stop loss below 1,1050 (-50 pips). The targets are 1,1240 (+140 pips, risk/reward 1:2.8), 1,1280 (+180 pips, risk/reward 1:3.6) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,1170 - 1,1240
1,1050 - 1,1000