Hello to all fellow community members.
Today I was able to spot a nice setup with high probability of success in USDCHF. Here we can see in the chart attached that there is a confluence of falling trend line and a previous resistance. I am expecting the price to get rejected near .99500 levels.
The idea is to sell the pair near .99500 with stop loss above .99800 and target of .97000. Thus keeping the risk to 30 pips and reward of 250 pips making risk to reward ratio of 1:8.33 which is quite good…
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