USDCHF Bullish break of structure - analysis the week of 18 May US Dollar vs Swiss FrancICMARKETS:USDCHFTranquilo1154Recent price movements The DXY had a strongly bullish week and looks set to continue. Looking at the daily chart of USDCHF, you will note the double bottom (0.7760-0.7777) and the recent break above 0.78485 that makes the pair bullish. If we get a pull back and some bullish evidence on a lower t/f, I would be motivated to take a long. Other time frames such as W1, H4 and H1 are all aligned to my bullish bias. Trade parameters The current conflict in the world has created extra uncertainty and market manipulation. Trading with smaller position size and giving extra space for stops is recommended. Gaps are regularly seen and anticipating the market open and initial moves is impossible. However, the following scenario would make sense: Entry – Upon seeing some evidence of a bullish continuation. Stop – below a major swing low as seen on the H4 chart. Target(s) – Depends on your trading style but I have marked a couple of options that could be considered (0.7950, 0.8000). I would stay flexible and remain open to taking profit and re-entering if price action confirms a continued move. General comment Nothing in trading is ever 100%, so please allow price action to fully develop in your desired direction before executing a trade. This is not a trade recommendation