USD/CHF (a 4 hour chart)
On February, 12th the pair dollar/franc continues an upward movement, bands of Bollinger continue to extend upward, the price has worked out the top boundary of the Ichimoku cloud. But it is not clear if it is going to fix itself above the cloud.
The current sell signal is confirmed and weak as the Chinkou Span is above the price chart and the price is slightly above the Ichimoku cloud.
So now the goal for upward movement is Senkou Span B which the price already worked out, but didn't overcome. If the price fixes above the first goal, it will continue its movement up to the next one which is 0,9218.
The upward movement remains until the price is above Kidjun-sen (0,9134). If the price fixes below this line the sell signal will become weak and will be put on a cancellation.
The Chinkou Span is above the price chart that is a confirmation of the current buy signal and indicates the bullish mood of traders.
Bollinger Bands shows the continuation of the upward movement, bands are extended and heading up. To our opinion long positions are more relevant now.
MACD is turned upward that indicates the upward movement. The turn of this indicator down will mean a possible correctional movement. Should the price rebound from the top border of the Ichimoku that can also trigger a downward correction.
We recommend considering long positions with the first goal 0.9218. When the price fixes above the first target, we recommend to go long to 0,9335.
Stop loss we place below 0,9130 and if this line goes up, you can move the stop loss after it.
You can close orders manually if MACD turns down or if the price rebounds from Senkou Span B. When we get profit of 50-60 points, stop loss can be moved to a breakeven.
We advise to place take-profits about on 5-10 points below the target levels.