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.
עסקה פעילה
Soon entry can touch and trade will open.
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My telegram channel: t.me/mmbtchannel
VIP Channels:
Crypto +390% & Forex:+600Pips monthly.
check My telegram for more info VIPs.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
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.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.