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 ;)
Eurchfsignal
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.