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USDCHF 100 Pips Swing trade Will it break 100,200 EMA resistance

Long
FX:USDCHF   Dollaro / Franco svizzero
USDCHF
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⏳14 Hour chart
🎲 Swing trade
⛳️Bullish entry

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Detailed analysis 💬

1️⃣ 0.90000 Swiss national bank intervention level
2️⃣ 0.90000 Strong trend reversal area
3️⃣ Positive risk sentiment, Vaccine news, Selling off CHF
4️⃣ RSI has reached around 39.00 Oversold condition
5️⃣ MACD about to cross the signal line, histogram is slowly fading towards green
6️⃣ Stochastic reached below 25 Oversold condition
7️⃣ Short term Technical support - Bullish
8️⃣ 50,100,200 EMA cluster resistance for bull
9️⃣ Bollinger bands reached lower side of the band
🔟 Possible swing target-0.91400 (23.6% Fibonacci) Point of control area
#️⃣ Overall long-term trend- Bearish

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Bullish entry #usdchf

Entry price -0.90400

Take profit 01 - 0.90900 (50 Pips)
Take profit 02 - 0.91400 (100 Pips)


🚫 Stop lose 0.90050 ( 35 Pips)

⬆️ 1.11% Growth expected
⤴️ Account growth .39 : 1.11
✅ Risk reward ratio 1 : 2.84

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