WicktatorFX

EURCHF - How To Trade This Breakout

Education
FX:EURCHF   Euro / Swiss Franc
EURCHF is within a descending channel of an ascending channel ... pretty confusing I know but have a look at the chart and you can see which way price will be heading. What we need to do now is find the best entry which is safe and clean.

From the diagram in the chart, you can see that our entry will only be after the break of the descending channel and after a bullish correction such as a bull flag . We need to make sure that price has the momentum to move up so we will be waiting for a breakout of the bullflag before entering with stops below the correction.

Goodluck and trade safe!
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