EURCHF: Trend Reversal Signal
The market gives us a possible selling opportunity based on a trend reversal signal at 1.08000 resistance. The price formed a bearish divergence, which is a strong bearish signal. MACD and RSI support a possible downward movement.
Here is an example of a short trade:
Sell below 1.07825
Stop above 1.08025
Profit target at 1.07075
Risk per trade must be 1-2% from the deposit. The trade is against the main trend, and it is risky. That's why it will be better to move stop orders at the breakeven as soon as possible.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a short trade:
Sell below 1.07825
Stop above 1.08025
Profit target at 1.07075
Risk per trade must be 1-2% from the deposit. The trade is against the main trend, and it is risky. That's why it will be better to move stop orders at the breakeven as soon as possible.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.