USD-CHF STRUCTURE LONG|TRADING PLAN

Aug 17, 2020

The pair has reached a 2015 low that has presented itself as a strong support level, thus our target trade is a long.

USDCHF is suppressed by the two diagonal downward trend-lines, and will be facing two horizontal resistance lines on its way up.

TRADING PLAN:
1-long now

2-SL below the lowest of the shadows below the support

3-Take 1 is the R1, T2 and further=trailing stop.

If there is a confirmed breakout downwards, then the alternative trading plan is to short the pair from the pullback.

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