A potential buy on USDCHFPossibly one of the best trades of the year on USDCHF.
It looks simple, and it is simple! Let's keep it simple!
The price is in a very clear zone for a buy setup. It is almost ready now.
Keeping in view the horizontal levels, go to the lower time frames, for example, 4 h & 1 h, even 15 m, and use trend lines to find out the right entry for a buy trade.
When the price breaks out of (upwards) a trend line, that could be the cue to get ready, and the when the price comes back to retest to that specific trend line, and kisses it, that is the entry. Maybe, a tight flag on the 15 m chart. Make a risk entry at the lower trend line of a tight flag when the price hits the lower trend line the third time, or wait for the price to break out of the tight flag and enter keeping the upper trend line as your entry point.
Fingers crossed! This could be a good trade!