EURCHF [EURCHF] is approaching the key resistance zone at [0.93931]. I'm watching closely for a valid reaction before considering any position.
If the level breaks and price retests it successfully, I may consider a counter-directional setup.
Trade active
Note
In this scenario, our initial stop was taken out by stop fishing.However, price immediately returned into the zone.
A confirmation hammer candle formed right at the level, offering a second entry opportunity.
The new trade is currently open and in profit.
Smart risk management and reading price behavior post stop-out often unlocks fresh opportunities.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.