Trade Objective:
To enter a long position in USD/CHF after a correction, aiming for a profit level of 0.90800 with an entry price of 0.88600.
Entry Criteria:
Entry Point: Enter a long position at 0.88600 after observing a correction.
Confirmation: Look for technical indicators or patterns that suggest the correction is complete and the price is poised to move upward.
Risk Management:
Risk per Trade: Risk no more than 1-2% of your total trading account on this trade.
Position Size: Calculate your position size based on your risk tolerance and account size to ensure you don’t over-leverage.