We have a nice symetrical wedge pattern forming on the H4 time frame. It looks like the overall trend is long at the moment, at least based on the daily time frame. Wait for the break to enter the long position. Enter: somewhere around .9925 T/P: 1.0120 S/L: .9853 Remember wait for the break out!!!
Long Entry @ 1.0470 Target 1 @ 1.0461 Target 2 @1.04895 Please like and follow me. Thanks
1. moving averages are 20,50,100,200 and the 200 period MA is above all, 100, is above all except 200. 50 period MA is higher than 20 period Moving Average. Along with Lower Lows and Lower Highs in a downtrend this says the pair -EUR/CHF has been in a down trend. 2. Stochastics are oversold and losing momentum. IF you like my stuff please follow, like, share it,...