USD/CHF: Is the Bull ready to push the price upside?

EagleFX Team EagleFX

USD/CHF started its day being choppy on the intraday charts. The price seems to have found its support. It now has been heading towards the North. If the price keeps going towards the North and makes a breakout at yesterday’s highest high, buying the pair may get the buyers some green pips.

Chart 1 USD/CHF H1 Chart

The chart shows that after producing a bullish engulfing candle, it has been heading towards the level of 0.98950. An H1 breakout at 0.98950 may push the price towards the level of 0.99400 and keep pushing towards the North further.

Trade Summary

Entry: H1 breakout at 0.98950

Stop Loss: Below 0.98680

Take Profit 1: 0.99400

Take Profit 2: 0.99600

Take Profit 3: 0.99850

Please Note

If the price does not hit Take Profit target, at least 50% profit shall be taken out before the London session ends. The entry is to be taken upon an H1 breakout and breakout confirmation.

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Author

EagleFX Team

EagleFX

EagleFX Team is an international group of market analysts with skills in fundamental and technical analysis, applying several methods to assess the state and likelihood of price movements on Forex, Commodities, Indices, Metals and

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