Trading_Vista

EURCHF short … for the week of 12 Dec 2022

Short
EIGHTCAP:EURCHF   Euro / Swiss Franc
I have been watching this pair for the past 2 weeks, as it has been grinding lower. Recently it has been consolidating around 0.9820 region. It has now broken below the trendline, it is already below the 200dma and the final hurdle is the strong support zone that I have marked. A break and close below the zone will encourage me to take a short to the next support located in the 0.9490 area.

Always use sound money and risk management and stay patient in all your trades.
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Trade active:
Price action does not seem to support my view, actually it's all sideways and directionless. My trade has not triggered yet and I may close the pending order if the same situation persists this week.

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