USDCHF 1H + 30M TF Week Analysis
Updated idea from yesterday for the upcoming week.
Last week we saw a strong uptrend and an ascending triangle forming. We also see price closing around the 20 MA/Middle of Bollinger Band , this could indicate a bullish reversal.
If price drops down to the order block and does not break then you can look for long trades for a 1:2 RR for around 100:200 Pips
If price rises up to the order block and pulls back for a retest then you can look for long trades for a 1:2 RR for around 100:200 Pips
Use 30 minute time frame for better entry and always wait for retests.
Good Luck!
Last week we saw a strong uptrend and an ascending triangle forming. We also see price closing around the 20 MA/Middle of Bollinger Band , this could indicate a bullish reversal.
If price drops down to the order block and does not break then you can look for long trades for a 1:2 RR for around 100:200 Pips
If price rises up to the order block and pulls back for a retest then you can look for long trades for a 1:2 RR for around 100:200 Pips
Use 30 minute time frame for better entry and always wait for retests.
Good Luck!
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