Hi Traders, Below you will find USDCHF intraday sRs Trend Rider 2.0 trade from the ongoing week. To see the complete weekly performance so far click here. To get your free copy of the sRs Trend Rider 2.0 visit this page for more details.
USDCHF H4 Chart:
On the H4 chart the price had created a bullish divergence and then the price moved higher creating higher highs, thus forming a classical setup of bullish divergence followed by bullish convergence.
Hence as per the book scenario we may look for corrections to happen after bullish convergence and then continuation to the upside. The correction that we were looking for happened and in addition to this we also had a bullish hidden divergence that had formed which we may consider as an evidence of bullish pressure.
USDCHF M15 Chart (sRs):
On the M15 chart the price was moving lower this is when we got an aggressive buy setup alert from sRs Trend Rider 2.0. We had a good downtrend line that has formed, we entered this buy trade with the breakout of this dynamic resistance and the price moved in our favor providing wonderful returns.
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