EURCHF - Trend-Following Sell Setup!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

EURCHF is overall bearish from a long-term perspective trading inside the red falling broadening wedge, and it is currently retesting the upper red trendline.

Moreover, the zone 1.0 is a strong round number and previous major low.

So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper red trendline. (acting as non-horizontal resistance)

As per my trading style:
As EURCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich