#EURCHF ahead of a bigger correction to the downside
-----------EURCHF SHORT-----------
After many days of sideways movement EURCHF currency pair has broken out from a consolidation area and now it faced a very tough resistance area and a trendline from the major downtrend. I think there is room for more correction to the downside at the moment at least if not a reversal and a downtrend continuation. We will see, however a short terms trade can be done here. I went short.
This is not a financial advise, do your own research and analysis.
After many days of sideways movement EURCHF currency pair has broken out from a consolidation area and now it faced a very tough resistance area and a trendline from the major downtrend. I think there is room for more correction to the downside at the moment at least if not a reversal and a downtrend continuation. We will see, however a short terms trade can be done here. I went short.
This is not a financial advise, do your own research and analysis.
Trade closed manually:
I don't feel this pair at the moment so I closed it with 10 pips loss.