Eurchfsignal
EURCHF. Is it worth the risk?Hi traders.
The price of Euro is now at a key level.
Caution, the price probably will not immediately rise,
do not panic, possible deviations from the schedule, however,
the price should stabilize and reach the resistance level.
Good luck to you.
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This idea does not provide the financial advice.
EURCHF Very Profitable PairEURCHF Very Profitable Pair
The pair actually is into a strong support.
-Main drivers for the support is Trend Lines, Supply & Demand Zone
-Look for Ichimoku and the breakout of this
-My main bias is short BTW the technical analysis suggest more corrections
Plan:
-After the correction take short positions
-Keep a RR of 1:5 as minimum
-Dont risk more than 45 pips
-Potential Targets 1.0525-1.0475-1.0450-1.0375
The odds for a drop are good ;)
EUR/CHF staring into the abyssOver the last 5 weeks EUR/CHF has hit 1.0507, 1.0508 and 1.0503 (current price as of weekend 16/5/2020).
It seems likely that this support line will eventually crumble and once it does there's little support for 200+ pips.
I poised with SELL STOP order placed at 1.0499 ready for what seems an inevitable break.
We may see another bounce before that but I expect it to be short-lived.
Get these SELL STOPS placed when the markets open.