USDCHF Eyes Key Support: Buy on Break & Retest Amid $$ Weakness

12 set

USD/CHF has reached a crucial weekly support level, suggesting a potential exhaustion of its prolonged downtrend. The descending trendline has effectively contained the price with five classic touches, reinforcing its validity. However, considering the anticipated weakening of the dollar due to expected rate cuts and upcoming CPI data, this trade remains delicate. A conservative approach is recommended, targeting a modest 1R, with a buying opportunity emerging at the break and retest of the neckline from a higher low formation. Caution and disciplined risk management are advised in this evolving market scenario.

20 set

Nota

Trade still valid. waiting for a clear breakout and retest.

7 ott

Trade attivo

Entry Triggered

23 ott

Nota

Move SL to Breakeven