Hey guys its Brian here with a long opportunity for EURCHF. As you can see from the chart, I have identified a solid support that has held many times. The price is currently testing that support and this provides a good long opportunity. Free Workshop & Trading Group (signals, news, price alerts & more!) go.brianchai.com Youtube Channel www.youtube.com
If anyone likes to trade off of the 200 sma this is a good trade to take, this is the first time price has closed below the 200 sma for a long time. We can watch the upcoming week and see if price retests and bounces down, or if price retests and shoots up through it for a bull run. Either way this is definitely something I will be watching heavily this upcoming...
Looking at EUR/CHF on the daily time frame it is pretty obvious we are on a uptrend. I see a nice respected support Zone highlighted. The Big picture is a nice retest towards highlighted resistance. Long term trade on this one. Thanks for taking the time to see my idea!
It seems EUR/CHF breakout's bullish trend @ 1.15358, Now there is a good opportunity to bearish until price @ 1.14700
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.