Hey traders,
Recently we spotted a bearish breakout of key weekly structure support on EURCHF.
Its confirmed violation was a very strong bearish signal to us.
tradingview.com/chart/EURCHF/u8fs15Ok-EURCHF-Important-Breakout-Bearish-Outlook/
Then we were looking for a retest of the broken level and the intraday confirmation on that to short.
Retesting the underlined structure, the price formed a descending triangle formation on hourly time frame.
The trigger to sell was a bearish breakout of its neckline to the downside.
I opened my position on a retest.
tradingview.com/chart/EURCHF/u8fs15Ok-EURCHF-Important-Breakout-Bearish-Outlook/
65 pips of pure profit so far.
Did you catch this trade?
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.