USDCHF Eyes Key Support: Buy on Break & Retest Amid $$ Weakness

USD/CHF has reached a crucial weekly support level, suggesting a potential exhaustion of its prolonged downtrend. The descending trendline has effectively contained the price with five classic touches, reinforcing its validity. However, considering the anticipated weakening of the dollar due to expected rate cuts and upcoming CPI data, this trade remains delicate. A conservative approach is recommended, targeting a modest 1R, with a buying opportunity emerging at the break and retest of the neckline from a higher low formation. Caution and disciplined risk management are advised in this evolving market scenario.

노트

Trade still valid. waiting for a clear breakout and retest.

액티브 트레이드

Entry Triggered

노트

Move SL to Breakeven