USDCHF Buy Limit Swing Trade Idea
USDCHF
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So we have been experiencing a huge downtrend for this pair since weeks. Dollar weakness contributes to this as well as huge uncertainity in the market because of trade war and interest rate cuts around the major economies.
I have a huge demand area on the weekly and this is where buyers will come back into the market. the bullish momentum that price faced many months ago started here and so many more buy orders are waiting to be filled here.
USDCHF BUY LIMIT @ 0.95913
SL: 40 pips
TP: 1.01063
R:R Ratio of 1:10
This should be a very good trade setup
Til we meet again all! Shalom
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So we have been experiencing a huge downtrend for this pair since weeks. Dollar weakness contributes to this as well as huge uncertainity in the market because of trade war and interest rate cuts around the major economies.
I have a huge demand area on the weekly and this is where buyers will come back into the market. the bullish momentum that price faced many months ago started here and so many more buy orders are waiting to be filled here.
USDCHF BUY LIMIT @ 0.95913
SL: 40 pips
TP: 1.01063
R:R Ratio of 1:10
This should be a very good trade setup
Til we meet again all! Shalom
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