USDCHF is currently bullish, and the uptrend may continue further. The first scenario is a rise toward the 0.8170 target, as shown on the chart. If price falls to 0.8070, that zone offers a low-risk opportunity to open a long position. A pending buy order has been placed there accordingly.
Learn this: In a bullish market, traders often look for two types of entries: breakout entries near resistance and pullback entries near support. Each has its own risk profile. A breakout entry captures momentum, while a pullback entry offers a better price and a tighter stop-loss.
The first scenario is a continuation of the current move toward 0.8170, which is marked as a key resistance target on the chart. If price continues to climb without pulling back, that is where we expect the first test of selling pressure.
The second scenario is a pullback to the 0.8070 support zone. This area represents a strong technical level where buyers have previously stepped in. It also offers a much better risk-to-reward setup because the entry is at a discount and the stop-loss can be placed just below the support zone.
To prepare for this second scenario, a pending buy order has been placed at 0.8070. If price reaches that level, the order will activate, and we will enter a long position with a clear stop-loss and a target near the 0.8170 resistance.
Learn this: Setting pending orders at key support zones before price reaches them is a disciplined way to trade. It removes emotional decision-making and ensures you are ready to act when the market gives you a favorable entry.
Learn this: In a bullish market, traders often look for two types of entries: breakout entries near resistance and pullback entries near support. Each has its own risk profile. A breakout entry captures momentum, while a pullback entry offers a better price and a tighter stop-loss.
The first scenario is a continuation of the current move toward 0.8170, which is marked as a key resistance target on the chart. If price continues to climb without pulling back, that is where we expect the first test of selling pressure.
The second scenario is a pullback to the 0.8070 support zone. This area represents a strong technical level where buyers have previously stepped in. It also offers a much better risk-to-reward setup because the entry is at a discount and the stop-loss can be placed just below the support zone.
To prepare for this second scenario, a pending buy order has been placed at 0.8070. If price reaches that level, the order will activate, and we will enter a long position with a clear stop-loss and a target near the 0.8170 resistance.
Learn this: Setting pending orders at key support zones before price reaches them is a disciplined way to trade. It removes emotional decision-making and ensures you are ready to act when the market gives you a favorable entry.
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shorturl.at/sqBpx
My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
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Bybit #2 exchange. New users: get up to $35K rewards + $100 free bonus via link. 👇
shorturl.at/sqBpx
My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
shorturl.at/sqBpx
My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.