Makeyourmoneywork4U Trade Idea
Pair: USDCHF
Position: BUY
Timeframe: D/ 4HR
STOP LOSS: 0.89464
TAKE PROFIT: 0.93222
Reason for trade: This pair made the A-B B-C and then the C-D leg didnt quite reach our 161.8% level and it has come back down to the original start of A point again, as our custom indicators are showing the overall trend as buy and this pair is opposite of XAUUSD which we have analysed as being in a sell this week I am confident of taking a buy on USDCHF and holding till the 161.8% fib level
Remember to trade cautiously and use proper risk management
Pair: USDCHF
Position: BUY
Timeframe: D/ 4HR
STOP LOSS: 0.89464
TAKE PROFIT: 0.93222
Reason for trade: This pair made the A-B B-C and then the C-D leg didnt quite reach our 161.8% level and it has come back down to the original start of A point again, as our custom indicators are showing the overall trend as buy and this pair is opposite of XAUUSD which we have analysed as being in a sell this week I am confident of taking a buy on USDCHF and holding till the 161.8% fib level
Remember to trade cautiously and use proper risk management