Long

EURCHF LONG, double bottom reversal and bullish divergence

Updated

Eur Swiss have been trading in a range for a month now and can't get any lower.

The support is still holding and is forming a double bottom reversal pattern. broke the previous bearish trendline and might break the resistance key level at 1.06. The price once reversed at that level and might break it. Another confirmation is the divergence it is forming with the RSI

Note

**the price once reversed at that level before, (1.06) and might break it soon

Trade closed: target reached

almost hit the second target(uppermost)

but now is trading at the 1.06035 key level as a support. I can add more positions and target the second tp :))

the key level resistance 1.06035 is now acting as a support
Have a nice trading day

Jimbololoy

Also on:

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.