EURCHF may follow this interchannel trend support (dark green line) up to its Channel resistance (yellow line) for a potential short entry opportunity in the highlighted area around 1.0916.
I'm going to watch the price action in the highlighted area to see if the pair will confirm a downward movement along with RSI bearish divergence.
This would likely be a relatively quick position for about 70-80 pips.
I'm going to watch the price action in the highlighted area to see if the pair will confirm a downward movement along with RSI bearish divergence.
This would likely be a relatively quick position for about 70-80 pips.
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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.