Hello,Traders! EUR-CHF broke the local horizontal level and fell from there to the demand zone Just as I predicted in my previous analysis Now, the pair has reached a massive support cluster Of the rising trend-line, falling channel support and the horizontal mega-level Also, one might notice that the falling channel is also a bullish flag on the daily timeframe On the lower timeframes, EUR-CHF is now trading in a local falling channel And once the pair hits the support properly and we see a bullish breakout of the channel That will be an ideal spot for us to go long With the target being the broken horizontal resistance, Also, a long from the current support might be an idea entry point for those Who are expecting a breakout of the flag to the upside, so you might wanna hold the long for longer Buy! Like, comment and subscribe to boost your trading!
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.