dreamer0210

dreamer0210

The chart tells the whole story, I myself wouldn't take any trade as of now, waiting would be my best friends here.

dreamer0210

EURCHF is around a Fibonacci support level, which means the price might bounce up to the next or second Fibonacci resistance. I took a Long around 1.104163 and my first Take Profit is at 1.105, my second Take Profit is at 1.105955. The stop loss is at the swing low which right now is 1.103143.

dreamer0210 Updated 

The price has recently been in a downtrend is heading close to the 1.378 Fibonacci support. I believe this could be a good opportunity for a long. The take profit could be placed on the next Fibonacci resistance which on my chart corresponds to the 1.37975 area or on the next resistance level which is 1.3808. The stop loss could be placed under the Fibonacci...

dreamer0210

We are in a bullish parallel channel, I will wait for a small touch on the resistance line then sell down to the support line.

dreamer0210

I think short term this might work, long term there is high sell pressure.