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.
Risk Warning: CFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any payment from you. Given the possibility of losing more than your entire investment, speculation in certain investments should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well-being. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should also be aware of all the risks associated with trading on margin.
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