Asian session channel formed
Can see a tight 10 pip channel forming on the EURCHF pair which I believe the top end of the channel will struggle to be broken throughout the Asian session.
Usually see a range on this pair of about 20 pips, so will be looking to take a short on a rejection of the resistance, and take it to the other side of the channel, potentially further after reviewing the strength of the move.
-Jordon
Usually see a range on this pair of about 20 pips, so will be looking to take a short on a rejection of the resistance, and take it to the other side of the channel, potentially further after reviewing the strength of the move.
-Jordon
Trade closed: target reached
As you can see, our top end channel was tested nicely and unsurprisingly not broken. Traded to the down side once I saw the long wicks forming, with my target at the bottom channel. Only looking to take a 7 pip scalp.Overall good analysis and good trade, I hope you enjoyed being able to watch it unfold.
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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.