Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURCHF WHAT'S NEXT!
As we clearly see price is approaching a strong resistance zone
Where we will be searching for new sell setups as before!
As we can see price previously broke below our swing low and traded lower
For now, price formed a valid trendline shown in the picture.
For now, what!?
For the bears to kick in we need a break below this major swing low
RRR: 1-2 from a risk management perspective and edge over the market
Until that happens, we can still trade higher and dive more into the resistance zone before reversal
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!