EURCHF is down too much, now it should go up. It's below a strong level around 1.0610, which is where I opened long some time ago.
There is a falling wedge or triangle below. Smart would be to wait for a breakout, so you'll know which way it will go. I think it's gonna go up, because it went down too much already and must make a retracement at least.
Most safe way would be to trade off a bounce from level at around 1.0610. It's a strong level, it touches candles in 2015, 2016, 2017.
Price is gonna explode somewhere and soon. Much more likely that it will go up, imo.
There is a falling wedge or triangle below. Smart would be to wait for a breakout, so you'll know which way it will go. I think it's gonna go up, because it went down too much already and must make a retracement at least.
Most safe way would be to trade off a bounce from level at around 1.0610. It's a strong level, it touches candles in 2015, 2016, 2017.
Price is gonna explode somewhere and soon. Much more likely that it will go up, imo.
Note
I don't have such a favorable outlook anymore, I moved stop loss higher and I'll close my trade if price breaks below.
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.
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.