USDCHF: Buying Opportunity from 0.88500 Support
It looks like the market is going to move upward. The price bounced from 0.88500 support. RSI confirmed the price reversal. MACD histogram is going to support a further upward movement.
If the price can stay above the support zone and breaks SMA200, we will get a trend reversal signal. It will be another bullish signal. If we combine all bullish signals from the price actions and indicators, we will have enough reasons for buying.
Here is an example of a long trade. Risk per trade must be no more than 2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price can stay above the support zone and breaks SMA200, we will get a trend reversal signal. It will be another bullish signal. If we combine all bullish signals from the price actions and indicators, we will have enough reasons for buying.
Here is an example of a long trade. Risk per trade must be no more than 2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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