USD/CHF--BREAKDOWN
Updated
As per Daily Price Action Price Has Been Followed trendline Last 91 Days. After Broke The Trendline Price Retest It is Trendline zone And Reverse From That Level And 50 and 20 Ema Also Broke Below Side.
It Could Be best Sell Side Trade With Stop loss 0.90468 But price Has Given Good Point In Sell Side So Wait For Bounce Near Around 0.90081 Its Good Zone For Sell
Target:- 0.89032 Recent Swing Low
As Per daily Price Action Dollar Index Broke Lower Side Range 105 level and Sustain Below and Also Price Cross below 50 Ema And RSI Also Cross Below 40 Which Is not Good Sign For Index . We Can See Further Down move In Dollar Index.
Wait For Decent bounce In 1 hour Time Frame It Could Be Good Lower Side positional trade ..
Stop loss :- Above 106 Level
Target:- 104.193
Please consult your financial advisor before Forex trading
All research is for educational purposes only.
It Could Be best Sell Side Trade With Stop loss 0.90468 But price Has Given Good Point In Sell Side So Wait For Bounce Near Around 0.90081 Its Good Zone For Sell
Target:- 0.89032 Recent Swing Low
As Per daily Price Action Dollar Index Broke Lower Side Range 105 level and Sustain Below and Also Price Cross below 50 Ema And RSI Also Cross Below 40 Which Is not Good Sign For Index . We Can See Further Down move In Dollar Index.
Wait For Decent bounce In 1 hour Time Frame It Could Be Good Lower Side positional trade ..
Stop loss :- Above 106 Level
Target:- 104.193
Please consult your financial advisor before Forex trading
All research is for educational purposes only.
Trade closed: target reached
Target Hit
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