AlkalineFX

EURCHF - New Scenario

Long
FX:EURCHF   Euro / Swiss Franc
After this pair broke the descending daily trend line we began to see price bounce between a small ascending channel . The structure has now shifted from a downtrend to a potential uptrend on the lower time frames indicating the start of a potential bullish move. Our first target would be the top trend line of the channel but if price manages to break that the possibilities are endless.

COT Data - 72% Short

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